Posted on 06/26/2005 9:14:48 AM PDT by longtermmemmory
If the Euro falls in the World Financial Forest will anyone care ?
When the Euro was aoriginally put on the market it was priced a 1.17, so getting down there is actuallya pretty big deal. Clinton overvalued the dollar via fed rates so the Euro went way under parity. It might not be a good thing right now for the Euro to go below 1.10 or so.
Another (rarely stated) reason for the existence of the euro was to try and eventually knock off the dollar as the world's reserve currency and strike a blow against "imperialist" America.
Ain't gonna happen euro-weenies!
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