Re: Re: Re: Samir Amin: "Not a Happy Ending"

[Jim Devine]

>When it was launched the euro bought $1.16. Parity - where one euro bought
>one dollar - was deemed unthinkable. Today, however, one euro is worth just
>over 91 cents.
>.....
>The problem for the euro is that throughout its life there has been a very
>attractive something else - the dollar. ........

shouldn't the large US current account deficit signal a fall in the US$ and 
a rise in the Euro sometime in the near future?

Jim Devine [EMAIL PROTECTED] &  http://liberalarts.lmu.edu/~jdevine