[quote]Originally posted by roger_ramjet:
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[ 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.
<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.
).
