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Hi everyone.
As European, I am very impatient to get the euro in my pocket....
and I suppose most of you are americans. It would please me very much
if you could give me your opinions about the following
questions/allegations :
Could it be worse for Europe and the Euro than it is right now? The
dollar is weaker, stock markets and financial institutions aren't
trusted that well any more and the differences between the several
european interest rates is growing instead of getting nearer.
Monetary and financial harmonisation won't -isn't- that easy. Above
all, there is a political crisis in Italy, where interest rates should
be cut, but can't at this moment.
Is it better for America to get a strong commercial partner, or are we
in an economic war, where hypocrisy tends to hide some political and
economic decisions in order to get weaker competitors?
What can we do to help the euro? We do not want to fail this time,
and this is probably one of the most exciting economic event in the
economic history. But time goes on, and difficulties are ever more
numerous. Is it sure it will be a success? Is that why people are
not that anxious?
A weeker dollar makes it easier for developping countries to repay
their debt, but it also cuts their revenue from raw materials , their
main source of revenues. In fact, it is only a good thing for the
americans : their export should get better (of course, not necessary
immediately). It is very bad for Asia which won't be able to boost it
economy, currently mainly based on export because of weak internal
consumption, and also suffering a bit from american competition in
hi-tech.
OK, some raw materials go up, but not that much, not all of them, and
not enough to help developping countries.
Right now, I do not see how it could be better for the US!! And it is
not necessary a bad thing from the fed to cut down slowly the interest
rates : crisis is sweeping quickly, but growth is in the long term.
And most of people also expect a next cut in rates. And expectation
is probably the most important thing, so that everything is all right.
Well, I would like to say a lot of other things, but I see it is time
for me to go.
Thanks in advance for your ideas/comments.
Kind regards
Augustin Bataille
bataille@xxxxxxxxxxx (private mail)
metastock65@xxxxxxxxx
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