Hidden Nook

"Because in Cyberspace, no one can hear you scream."

Thursday, May 19, 2005

More Euro Woes

[Media Source*]

(Hat Tip: Alpha Patriot)

(Business Telegraph) The euro has begun a long-term slide and could drop below a dollar within 18 months, according to a client note issued yesterday by Morgan Stanley...

"Markets will have to come to grips with the insight that the single currency will not eventually be backed by a single government. This is why the euro will have to trade at a discount to the dollar and why it is unlikely ever to replace the greenback as the world's reserve currency," [economist Joachim Fels] said.

Ironically it seems that the continent has sacrificed wealth in order to gain unity. The euro's strength was in the fact that the currency could be used across the continent in multiple countries. Although this might be viewed upon as a shared blessing, the fact that no single nation backs the euro directly (unless they "all" do) places many of it's members in financial jeopardy.

Meanwhile in France, a nation whose leaders are known for promoting the euro as the "next best thing since sliced bread," are attempting to convince their own doubting citizens that the EU constitution would be beneficial to the nation.
THREE new opinion polls show "No" campaigners have edged into the lead ahead of France's upcoming referendum on the European Union constitution, despite encouragement from the country's main political parties to back the treaty, on 29 May...

The "No" camp is an influential grassroots movement without a dominant figurehead. Both extremes of the political spectrum, from the Communists to the far-right party of the National Front leader, Jean-Marie Le Pen, are backing a "No" vote, along with the Socialist party number two, and ex-prime minister, Laurent Fabius.

With about 59% of the population leaning against the constitution for fear it is too "Anglo-Saxon." Europe may be in for a financial disaster as their continental currency depreciates and the process for ratifying the constitution evaporates.

Deutsch • Español • Français • Italiano • Portugese • 日本語 • 한국 • 汉语

Links to this post:

Create a Link

Comment Policy: Comments posted here do not necessarily reflect the views of this site or the authors, and are the legal responsibility of the original commenter. Intelligent opinions welcome. Comment here.

<< Back Home

By Darnell Clayton • 3:06 PM • Email Post • •


Site Search

Web HiddenNook.blogspot.com

Email Subscription

Enter your email address below to subscribe.

Powered by Google Groups

Button Membership

Net Affiliations

Journalist For

Blog Coalitions

Registered With

Important Information

Blog Stats

View Blog Stats

Plus 10,667 hits before August 12, 2005

Weblog Legalities

Creative Commons License
This work is licensed under a Creative Commons Attribution 2.5 License.

Opinions expressed here do not reflect the views of anyone that I work with, for, or associate with in any manner.

About Me

Brief Bio
Blogger Profile
General Profile
Business Profile
Personal Profile

Daily Reads

• Arabian •
Camera Snapshots
Regime Change Iran
Iraq the Model
Under Underground

• Spiritual •
Dhimmi Watch
Evangelical Outpost
God Blog
ID The Future
Jihad Watch
Muslim Wakup! Blog
One True God Blog
Serenity Thru Hope
Trailing Clouds of Glory

• Unique •
The Black Kettle
Gateway Pundit
The Korean Liberator

When Ever

• Corporate •
Blog Pulse
Flickr Blog
Technorati Weblog

• Google •
Blogger Buzz
Blogger Developers Network
Google Analytics
Google Blog
Google Base
Google Talkabout
Google Labs
Google Press
Google Reader Blog
Google Video
Inside AdSense
Inside AdWords
Inside Google Desktop
Inside Google Sitemaps

• GOP •
Alpha Patriot
Cao's Blog
Captain's Quarters
Hugh Hewitt
Michelle Malkin
Expose The Left
Right Mom
Right On America
Trey Jackson

• Global •
Publius Pundit
UN Dispatch

• Tech Web •
Google Rumors
Junto Boyz
Life Hacker
Pro Blogger
Mark Jen

Blogroll Me!

Family Blogs

Hidden Nook
One Spirit
Sol Worlds
Inside Orkut
Blogger Delights
Colony Worlds
Google Your Business

Prior Data


News Stand

Google News
Ynet News
Muslim Wakeup!
Jerusalem Post
Hatzolah Israel
Jewish Telegraphic Agency
The Christian Post Jerusalem Newswire
Isracast Christianity Today

Blog Engineering

Universal Translator
Antisplog Hack
Navbar Hack
Comlink Hack
Technorati Hack

Extra Credits

Blogger Templates
Darnell Clayton