>Alan Greenspan said:
>>> But market pressures toward
>> >portfolio diversification are clearly also going to play a major
>> >role in the future relative positions of the dollar and the euro.
>> >The world can only benefit from the competition.
>
>Why do I get the feeling he doesn't really think so?
Hey, if you want to be conspiratorial about it, AG welcomes some competition so that it will force an austerity program on the U.S., and thereby balance the current account. And, conveniently, external forces could be blamed.
Doug