> From: D Shniad <[EMAIL PROTECTED]> > Subject: [PEN-L:10445] EU crisis (2) > The Daily Telegraph Thursday 29 May 1997 > > Crisis over euro after Bundesbank blocks Kohl To Brother Sid and the Bundesbank Buddies, You're wrong and Kohl is right. > . . . > The Bundesbank is probably the most respected institution in > Germany and the idea that it should be humiliated to allow the Respected for what and by whom, exactly? (A rhetorical question pregnant with meaning.) > Deutschemark to be exchanged for the euro would probably prove > unacceptable. To whom, exactly? A new thought (new to me, anyway): Because the convergence criteria for Maastricht are simply impossible, their inevitably ineffectual enforcement in the breach eliminates one major argument against the EU. Yours treuly, MBS ================================================== Max B. Sawicky Economic Policy Institute [EMAIL PROTECTED] Suite 1200 202-775-8810 (voice) 1660 L Street, NW 202-775-0819 (fax) Washington, DC 20036 Opinions here do not necessarily represent the views of anyone associated with the Economic Policy Institute. ===================================================
