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To: Cornpone

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.


14 posted on 06/03/2005 3:16:41 PM PDT by RegulatorCountry (Esse Quam Videre)
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To: RegulatorCountry
I understand what you're saying but for those of us who have to provide support to family in the poorer parts of Europe who have only gotten poorer since adopting the Euro it is a temporary blessing at least.
18 posted on 06/03/2005 3:20:17 PM PDT by Cornpone (Who Dares Wins -- Defame Islam Today -- Tell the Truth About Muhammad)
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To: RegulatorCountry

I agree... The dollar still has more things waiting it down for the moment. But the volatility doesn't hurt the US very much, just gives a little better rate to secure some Euro assets for the time being.


22 posted on 06/03/2005 3:25:04 PM PDT by TFine80
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To: RegulatorCountry

That is a possibility. There will be no single State behind the currency, but the original EEC is still operating and within that the $EU will remain as it was. As long as the EC exists in treaties, the currency will be viable. It's not a classical currency, but as long as it has some backing of several States it will be functional.


23 posted on 06/03/2005 3:26:43 PM PDT by RightWhale (It comes down to lack of private property rights)
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To: RegulatorCountry


I highly doubt the Euro will ride back up again, when it's in Europe's best interest to keep it more competitive with other world currencies. Somewhere in the neighborhood of 75 cents to the USD. Europe has to become more competitive, it's just not possible with an over-valued product.


24 posted on 06/03/2005 3:28:13 PM PDT by Nathan Zachary
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To: RegulatorCountry

No, I agree. However, the problem of a single currency for such diverse countries/economies doesn't go away. The big countries like Germany and France are already cheating on the constraints needed.


25 posted on 06/03/2005 3:30:12 PM PDT by expatpat
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To: RegulatorCountry
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.

Those major players are Asian banks that are heavily infested in the euro. The assumption behind that "success" was that political integration would follow. But that isn't going to happen now.

You are correct that the euro isn't going away. But you can't base value on dreams and promises forever. Either the economies in the euro zone improve, or the euro will continue to decline. Let's hope it will be a gentle slide.

57 posted on 06/03/2005 5:47:25 PM PDT by stripes1776
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