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<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=070144912-26092000>The
main talk regarding the Euro and Denamark is one of perception. The concern is
that if Denmark says no, it increases the odds that Sweden and the UK say no
also. Then, the Euro will be perceived as only expanding into Eastern Europe,
which would damage the currency even more. There was already a controversy over
Greece entering EMU in January.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=070144912-26092000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=070144912-26092000>As for
Denmark entering at a low level, that is, as always, a double edged sword.
Depends on how much Denmark exports into the EMU countries I
guess.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=070144912-26092000></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=070144912-26092000>Steve
Poser</SPAN></FONT></DIV>
<DIV> </DIV>
<P><FONT size=2>---<BR>Steven W. Poser, President<BR>Poser Global Market
Strategies Inc.<BR><A href="http://www.poserglobal.com/";
target=_blank>http://www.poserglobal.com</A><BR>swp@xxxxxxxxxxxxxxx<BR>Tel:
201-995-0845<BR>Fax: 201-995-0846</FONT> </P>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> listmanager@xxxxxxxxxxxxxxx
[mailto:listmanager@xxxxxxxxxxxxxxx]<B>On Behalf Of </B>Earl
Adamy<BR><B>Sent:</B> Tuesday, September 26, 2000 8:42 AM<BR><B>To:</B>
realtraders@xxxxxxxxxxxxxxx<BR><B>Subject:</B> [RT] Re: Genereal -
Euro<BR><BR></DIV></FONT>
<DIV><FONT size=2>Danmark is a very small country of approximately 1.2 million
(very pretty country and very nice people) which is unlikely to wag the Euro
much (other than perhaps the symbolism). If the Euro is being wagged, the
doggie is probably the PTB in the ECB and EU council.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Earl</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:bobrabcd@xxxxxxxxxxxxx";
title=bobrabcd@xxxxxxxxxxxxx>BobR</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, September 26, 2000 5:30
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] Genereal - Euro</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>Question, isn't it to the Danish advantage to
have a low euro at the time they join the common currency club should they
vote to do so? Its been said nothing happens by accident in
politics. Is this low euro a sweetner by its neighbors to come on
board at an attractive price with the reward an instant currency gain on a
post vote rebound? Thursday is the day of their vote. Will be
rather interesting to see what the euro and equity markets do following this
vote. Perhaps this is too simplistic reasoning.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial
size=2>br</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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