(Open quote)Global fund managers now believe the euro will be a strong currency in relation to the US dollar and will soon rival the dollar as the preferred currency for debt issuance...this implies that the euro could also rival the US dollar as a reserve currency by 2003.(Close quote)
Will the euro be able to accomplish what the D-Mark could not do by itself?
Assuming concentration and centralization of capital at three poles in the world market as developed by the UN Committee on Multinational Corporations, and the present instability of that structure due to stagnation in the Japanese pole, does this indicate a shift to a world market structure dominated by two poles, US and Europe? If so, how will this affect the economies attracted to each pole that are "emerging" from non-capitalist political economic forms to capitalist political economic forms, especially China and India?
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