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Zeev Hed

07/01/03 6:11 PM

#125562 RE: CoalTrain #125559

No disagreement here, I have been "preaching" the failure of the Euro if monetary and fiscal policy are not working in tandem. Since the EU yielded its monetary reins to a bunch of bureaucrats but each state still determines its own fiscal policy (with external constraints on deficit sizes which is going to cause huge political tension in the Union), I see social chaos ahead.

Zeev