Banking on the Eurostate

Dennis R Redmond dredmond at gladstone.uoregon.edu
Sun May 17 18:41:03 PDT 1998


On Sun, 17 May 1998, Doug Henwood wrote:


> Dennis, for all your Euro-enthusiasm, the EIB's plans to issue benchmark
> eurobonds, and the transformation of existing national bond and stock
> markets into euro-denominated ones, is a major step towards the creation of
> U.S.-style securities markets, and with it the associated governance
> structures.

I'm a Euro-phile, not a euro-phile. A parliamentary Europe run by proportional representation is the only thing which is going to check the power of the Eurobourgeoisie, or prevent them from degenerating into a Yugobourgeoisie. Hey, at the very least, Europe ought to be a hot market for your book: ammo for the Euro-Left. Any translations out there yet?

-- Dennis



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