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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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To: stripes1776

"Those major players are Asian banks that are heavily infested in the euro."

Infested? I wouldn't go that far, but they might have been feeling rather infested in recent days.


62 posted on 06/05/2005 1:12:48 PM PDT by RegulatorCountry (Esse Quam Videre)
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