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Re: Re: Re: Samir Amin: "Not a Happy Ending"


When it was launched the euro bought $1.16. Parity - where one euro bought
one dollar - was deemed unthinkable. Today, however, one euro is worth just
over 91 cents.
.....
The problem for the euro is that throughout its life there has been a very
attractive something else - the dollar. ........


shouldn't the large US current account deficit signal a fall in the US$ and
a rise in the Euro sometime in the near future?

Jim Devine jdevine@xxxxxxx &  http://liberalarts.lmu.edu/~jdevine


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