--- Doug Henwood <dhenwood at panix.com> wrote:
> Cian O'Connor wrote:
>
> >Isn't the Euro going to have a negative effect on
> the
> >weaker economies? They'll be stuck with a strong
> >currency (relative to their economies), so surely
> that
> >will have a negative effect on their domestic
> >economies. What's to stop what happened in
> Argentina
> >happening in Greece or Portugal?
>
> Excellent question. One countervailing possiblity is
> that the combo
> of a common currency, no trade barriers, development
> subsidies, and
> lower wages will bring investment to southern
> Europe. This is one of
> many reasons why Timothy Garton Ash described the
> euro as a
> hair-rasing experiment in unification through money.
>
> Doug
===== Kevin Dean Buffalo, NY ICQ: 8616001 http://www.yaysoft.com
__________________________________________________ Do You Yahoo!? Send FREE video emails in Yahoo! Mail! http://promo.yahoo.com/videomail/