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To: longtermmemmory
Oh I did not mean tomorrow, but in time, over the next 10 or 15 years. I did not mean that this vote would cause that.

If the meaning of this vote is that the member states want to retain more independence, then there will be less financial and political integration. In this case problems like we are seeing in Italy today will multiply, and the EUro will have some real trouble. They may have to split it up. Maybe the old EC "core group" will keep it as a sort of "supranational DM," but I think that a currency that is not issued by a true nation cannot last for long. The same will be true about the ECB.

The EU could become much like the OCED. We may have just witness the high water mark for European integration in this generation, perhaps in our lifetimes.

97 posted on 05/29/2005 2:00:39 PM PDT by CasearianDaoist
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To: CasearianDaoist

Hmmm - probably smart to sell oil tomorrow - as those who were betting that the euro would gradually displace the dollar come to realize just what you are predicting about he euro. Bet on relatively long term pressure depressing oil prices.


117 posted on 05/29/2005 2:12:16 PM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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