RES: Tariq Ali on Porto Alegre

boddhisatva boddhisatva at netzero.net
Mon Feb 19 00:59:57 PST 2001


C. Redmond writes:


>The EU will have to finance its semiperipheries, of course (3% of
>GDP would do the trick, or about 10 billion EUR per annum). Mere pocket
>money to an economic region with 8 trillion EUR annual output.
>Onwards, to multinational socialism!
>
>-- Dennis
>

Of course someone will have to want to be financed in Euros rather than dollars. Private holdings are still preponderantly in dollars because trade is preponderantly in dollars.

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