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It seems European politicians have begun to beleive their own fantasies in
setting the rates that way, ofcourse they'll have us beleive that the euro
bank set them independantly.
The Euro will only exacerbate europes problems, cross border
subsodisation of economies is only a temporary bandaid ..... Major
structural reforms are required, much more han euro-politics is willing to
acccept. They wont make those changes because their opposition to them is
the reason why they joined the euro programme in the first place
Peter
-----Original Message-----
From: Richard Chehovin <galacticfxinternational@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, 24 December 1998 1:59
Subject: Worldwide Interest Rates
>As of December 18, 1998
>
>Duration in Months 1 3 6
>
>USD 5.56 5.23 5.06
>GBP 6.56 6.37 6.06
>DEM 3.34 3.30 3.23
>JPY 0.52 0.49 0.52
>CHF 1.55 1.51 1.52
>ECU 3.56 3.35 3.26
>
>Respectfully,
>
>Richard Chehovin
>
>
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