And John Kerry wanted us to become more like Europe...
Ping...
Has Chirac asked us to bail out the Euro yet?
Give him until Bastille Day!
sp
Yeah, right. Good luck talking the french unions into 'reforming' to save the Euro. They refuse to reform even to save themselves.
Poor Soros. I wonder just how much he invested in the Euro to
undermine the US dollar. Now to protect his money he has no choice but to buy back the USD to avoid loosing too much.
Moveoff and Democrat coffers might be a little short of contributions this year...
Well, this isn't going to be a popular sentiment on FR, but I say let the doom-sayers talk it into the tank, and then the "smart" money will set up as many Euro-denominated accounts as possible for the ride back up again. The "success" of the Euro has some major players behind it, the objections (valid or not) of voters in various nations notwithstanding. I wouldn't count on it going away, or even going down and staying down.
I need to buy a euro as a souvenir.
It's certainly irresponsible to talk of it even if you're going to do it. Got to be careful and not crash the currency.
It's fairly amazing the Euro zone countries have shared a currency for so long without much more centralized control. I can't think of any other examples. There was the Central French African franc zone, but one power, France, controlled the strings. France used the CFAF to finance its deficit spending, but in return the African countries got a stable currency.
In the Eurozone, France uses its power to avoid penalties for exceeding deficit standards, which insofar other countries are so penalized France benefits by relatively larger domestic deficit spending, the ill effects not limited domestically but shared with other Eurozone nations.
Eventually, the EU with many nations will fail, to be replaced, somehow, with a successful, smaller group of 10 nations...I don't know how or when. John talked about it a couple of thousand years ago.
The fall of the euro after the French vote against the EU Constitution lasted about a day or so. But the euro is still climbing, and the USD has been falling again for days. Economics researchers are predicting that sooner or later, for a few months, the dollar will fall much more.
I agree very much with our fed policy on the dollar. It will equalize much more with certain foreign currencies as per better free market, conservative policy, or the trade deficit will be corrected with a backlash (tariffs) from the dark side.
The unity mentality isn't going to solve any problems in Europe; it's what's at the root of them. Individual nations who want to be unified, but only under each individual nation's rules, is why Europeans have been killing each other for thousands of years. Just because they drive cars instead of ride horses doesn't mean that anything substantive has changed. Competing socialist systems will never co-exist peacefully.
I have three important comments on this topic: Ha,Ha,and Ha.
Anyone want to venture a guess as to the six month forward price of the euro?
Not exactly a recipe for success.
For Americans, rejoicing at the disorder and chaos in Europe after the rejection of the EU Treaty is foolish and infantile.
A strong economy and strong currency in Europe is good for America.
Maybe now, even though the new Government in France is just rearranging the deck chairs on the Titanic, Chirac will turn towards the US, as Tony Blair did, as its logical and most effective partner in dealing with the issues that are wrecking French society.
ONE QUESTION?
Didn't OPEC decide to trade in euro's instead of dollars?