The end of the Euro ???

as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present at a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The report was dismissed by both the ministry and Germany's central bank.

But it comes at a sensitive time for Germany, as the country gears up for a
possible early general election following regional poll defeats for
Chancellor Gerhard Schroeder's ruling Social Democrats (SPD).

The euro dipped sharply when the report came out on Wednesday morning,
hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Struggling economy


The mere fact that it has been talked about means that it is a big deal
Jeremy Hodges, Lloyds TSB Financial Markets


Public dissatisfaction with the government's handling of the economy is one
of the greatest challenges facing Chancellor Schroeder.

His ruling SPD/Green coalition is widely expected to lose a parliamentary
vote of confidence, due to be held by 1 July, which would trigger a general
election.

The euro is seen as a potential source of political conflict. According to
Stern, some 56% of Germans want to go back to the deutschmark.

And dissatisfaction with the single currency has proved a potent topic in
the campaign ahead of this week's Dutch referendum on the European
constitution.

'Absurd'

Responding to the Stern report, the finance ministry and the Bundesbank
described talk of the euro's demise as absurd.

"Finance Minister Eichel and Bundesbank President Weber see the euro as a
unique success story and an important step in securing the future of
Europe," a Bundesbank spokesman said.

Both men said they had not taken part in discussions during the meeting on
the problems facing monetary union.

"The mere fact that it has been talked about means that it is a big deal,"
said Jeremy Hodges, head of foreign exchange sales at Lloyds TSB Financial
Markets.

"I see no reason whatsoever to go against the euro move."



Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/h...ss/4599681.stm

Published: 2005/06/01 13:52:29 GMT

© BBC MMV

"nitram" wrote in message
...
On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
wrote:

as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the
government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present at
a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The Dutch beat them to it. They blamed the Germans and French for
breaking the rules and said that they would have never joined the Euro
if they had known that the French and Germans had not intended to
stick to the rules.

Explain how I get my Euros converted back to guilders and at what
rate.

Probably to 'new' guilders at a rate to be fixed by the Dutch central bank.

But if you ask us nicely we might let you join the pound :-)

"nitram" wrote in message
...
On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
wrote:


"nitram" wrote in message
.. .
On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
wrote:

as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the
government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present
at
a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The Dutch beat them to it. They blamed the Germans and French for
breaking the rules and said that they would have never joined the Euro
if they had known that the French and Germans had not intended to
stick to the rules.

Explain how I get my Euros converted back to guilders and at what
rate.

Probably to 'new' guilders at a rate to be fixed by the Dutch central
bank.

It's not so easy is it? It's why the word "irrevocable" was used at
the time that countries switched to the Euro.


I really can't think of any reason why it should be irrevocable.

Miss L. Toe writes:

I really can't think of any reason why it should be irrevocable.

I can't think of any reason why it should be revoked. A
multiple-country currency is almost guaranteed to be more valuable and
stable than a single-nation currency.

--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.

In article , nitram
wrote:

On Wed, 1 Jun 2005 18:04:53 +0100, "Miss L. Toe"
wrote:


"nitram" wrote in message
.. .
On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
wrote:


"nitram" wrote in message
.. .
On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
wrote:

as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the
government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present
at
a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The Dutch beat them to it. They blamed the Germans and French for
breaking the rules and said that they would have never joined the Euro
if they had known that the French and Germans had not intended to
stick to the rules.

Explain how I get my Euros converted back to guilders and at what
rate.

Probably to 'new' guilders at a rate to be fixed by the Dutch central
bank.

It's not so easy is it? It's why the word "irrevocable" was used at
the time that countries switched to the Euro.


I really can't think of any reason why it should be irrevocable.


I can think of a million ways of making a lot of money out of a change
back.

Yikes! Another round of "rounding-up" on coffee, gum, soda....

jay
Wed Jun 01, 2005

Hi!

Miss L. Toe wrote:

The euro dipped sharply when the report came out on Wednesday morning,
hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Just wait until EUR 1 = US$ 1 = Yen 100.
Then replace EUR and $ by the Globo,
replace ¢ (both of them) with the Yen.

Just kidding ...

brgds

--
Gunter Herrmann
Naples, Florida, USA

You're a fine one too

"Miss L. Toe" a écrit dans le message de
news: s.net...
as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the
government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present at
a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The report was dismissed by both the ministry and Germany's central bank.

But it comes at a sensitive time for Germany, as the country gears up for
a
possible early general election following regional poll defeats for
Chancellor Gerhard Schroeder's ruling Social Democrats (SPD).

The euro dipped sharply when the report came out on Wednesday morning,
hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Struggling economy


The mere fact that it has been talked about means that it is a big
deal
Jeremy Hodges, Lloyds TSB Financial Markets


Public dissatisfaction with the government's handling of the economy is
one
of the greatest challenges facing Chancellor Schroeder.

His ruling SPD/Green coalition is widely expected to lose a parliamentary
vote of confidence, due to be held by 1 July, which would trigger a
general
election.

The euro is seen as a potential source of political conflict. According to
Stern, some 56% of Germans want to go back to the deutschmark.

And dissatisfaction with the single currency has proved a potent topic in
the campaign ahead of this week's Dutch referendum on the European
constitution.

'Absurd'

Responding to the Stern report, the finance ministry and the Bundesbank
described talk of the euro's demise as absurd.

"Finance Minister Eichel and Bundesbank President Weber see the euro as a
unique success story and an important step in securing the future of
Europe," a Bundesbank spokesman said.

Both men said they had not taken part in discussions during the meeting on
the problems facing monetary union.

"The mere fact that it has been talked about means that it is a big deal,"
said Jeremy Hodges, head of foreign exchange sales at Lloyds TSB Financial
Markets.

"I see no reason whatsoever to go against the euro move."



Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/h...ss/4599681.stm

Published: 2005/06/01 13:52:29 GMT

© BBC MMV

On Wed, 01 Jun 2005 19:39:40 +0200, Mxsmanic
wrote:

Miss L. Toe writes:

I really can't think of any reason why it should be irrevocable.

I can't think of any reason why it should be revoked. A
multiple-country currency is almost guaranteed to be more valuable and
stable than a single-nation currency.

That's a very silly statement, a currency (now none are actually
backed with real assets) are related to their tradeable value and
trust, there's no inherent reason why a multi-nation country should be
stronger, there are lots of reasons why it shouldn't - individual
countries have a good reason to exploit the currency as the costs of
doing so are spread out between the other currencies as an exaample.

Jim.

On Wed, 01 Jun 2005 23:10:09 +0200, nitram wrote:

On Wed, 01 Jun 2005 14:44:18 -0400, Gunter Herrmann
wrote:

Hi!

Miss L. Toe wrote:

The euro dipped sharply when the report came out on Wednesday morning,
hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Just wait until EUR 1 = US$ 1 = Yen 100.
Then replace EUR and $ by the Globo,
replace ¢ (both of them) with the Yen.

Just kidding ...

brgds

--
Gunter Herrmann
Naples, Florida, USA

Yeah but are pizzas in Naples Fla. better than in Pizza Hut in Milan?

There's a Pizza Hut in Milan? Plenty of ****ty Spizzico places, but I
don't believe Pizza Hut would show their face here.
--
---
DFM - http://www.deepfriedmars.com
---
--

nitram writes:

Like the DMark and the Guilder were for 25 years?

Extend that period a bit longer, and things change.

--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.