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Euro - Page 2

post #41 of 42
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[quote]Originally posted by roger_ramjet:
<strong>

[ 01-07-2002: Message edited by: roger_ramjet ]</strong><hr></blockquote>
Euro is not an economic fiasco, because euro bring stability : a huge boat is more stable than a small one.

In this quote i see that the author is disapointed by the fact that euro is too devaluate to his opinion. I can add that the Dollars is too expansive : that's not good for the US exportation and it is good for importation.
This year The american car industry is in trouble : too much importation (BMW increase is sell in US by a 10 % factor : the poor value of the euro was good for BMW ...).

Europe prevents governements to do stupid things in orders to have some more votes. Euro give them obligations : they can't devaluate their currency if they will, they have the obligation to stop their deficits ...
All europeans contry are in the same ship, so they control what their neighboors are making to avoid economic fiasco. Things will become more complicated, but stability will increase. And stability is a very important point for the growth of economy.
post #42 of 42
[quote]Originally posted by roger_ramjet:
<strong> By Arthur B. Laffer, founder and chairman of Laffer Associates, an economic research and consulting firm based in San Diego </strong><hr></blockquote>

Not the Euro is strong or weak, it's the european economy. And as long the american economy is so much stronger than the eropean, the Euro will not catch up with the Dollar! But this is not the fault of the ECB, it's mostly the fault of the governments, companies and unions who have missed economical changes in the 90's
And Laffer missed the purpose of the ECB, to prevent inflation and to strengthen the inner value of the Euro and not to pump up the economy (which is a very anglo-saxon point of view ).
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