1 EUR = US$ 1.27996 as of 2005.04.15 02:11 Universal Time (GMT).

We'll have a "world currency" before too long.

HaHAhahaaahhaaahaaahahaaa! Keep believing in those fairytales Monti!

i'm not a great specialist of economy, but i'm not a total ignorant ass either (still managed a MBA). i never entered the "euro too high killing you frogs" argument on ff.com, because (1) i dont care and (2) it's ridiculous, as currencies have wide variation tolerances over the years

but what i find hilarious here is the attitude of the americans.

simplified comments history:

- euro going up

"hahaha fuck you frogs!!! you are dead meat, economy stinks, currency too high! hahaha excellent"

with their usual foaming at the mouth and peeing in their pants of excitement, and their pseudo explanation of why it's going up and why it's going to kill the economy

- euro going down (ahem..a few percents? wow.anyways)
"hahaha fuck you frogs!!! you are dead meat, economy stinks, currency crashing! hahaha excellent"

with their usual foaming at the mouth and peeing in their pants of excitement, and their pseudo explanation of why it's going down and why it's going to kill the economy


ff.com is good for one thing: watching the yanks behaving like monkeys at the zoo, and having a laugh at their expenses

"With American people's individual wealth. Duh!"

-I wonder what is stopping us currently... Euro was worth ca 0.82 when launched, and now it is ca 1.29 ... so, we got richer compared to Americans and with stronger currency, we could buy you off. If you were worth it that is.

we could buy you off. If you were worth it that is.

Actually, we did

How much, the federal debt ?

yes bazoom but the high oil and high exchange rate was no good for europe ( double penetration) witch we have been see ing the effects the last couple of months
the high exchange only did so much to offset the high oil
oil has been dropping (right on libs )

lower oil lower exchange better for business even dopey altles knows this

how much chaos the currency is thrown into with a fWench no vote we will see . the effects of a collapse could be extrodinary.
some in Germany pine for their duetch mark back and who could blame them I know what their hoping for. ( not talking about atles hes just a sheep and who cares what he thinks anyway)
and i dont want it to make the fed think it has to hold the hikes at a quarter point( their reports either way everyday so save me on your analysis aim already committed months ago)cause if chaos is brought on by this its always up to the americans to show strength to calm the world's markets fears

and speaking of bullshit and simplified comments bazoom have a look at some of you idiot countryman past comments on financing Americas debt

like i told you monkeys months ago they come running when the dollars a good buy and interest rates rise
they just throw money at as if you will, Hey we're America.its much more complicated then that but im not typing it out

& the dollar's still solid losers

Would euro still shine after a French 'no'? New Feature
Language Tools What is this? English Definitions English->Spanish English->French English->German English->Italian English->Portuguese
Powered by Ultralingua
By James Kanter International Herald Tribune
Friday, April 15, 2005
PARIS A refusal by French voters to endorse a constitution for Europe could drive the euro down a bit for a time, but probably would not deal a deep and lasting blow to a currency that has already weathered storms over the way it is managed, economists said.
.
In three short years, the euro has strengthened against the dollar despite chronic bickering among the 12 euro-zone countries over everything from who should head the European Central Bank to the loosening of rules that govern their spending.
.
"We already have a treaty in place to manage the European Union and we already have a central bank in place to manage the euro," said Laurence Boone, the chief economist for France at Barclays Capital in Paris.
.
Most economists say the crucial factor behind any long-term change in the value of the euro remains whether investors prefer to put their money in the United States or in Europe - and that is something that will largely depend on the relative health of the two economies. "There's no reason to have an extra risk premium" because of a 'no' vote in France, Boone said.
.
In fact, some economists speculate that the currency that is likely to suffer most from a "no" vote in France would be the Turkish lira.
.
"Europe will be seen as less willing to integrate new members," said Holger Schmieding, an economist at Bank of America in London. "Signs that Europe is looking inward will have a significant effect on the Turkish market."
.
A French "no" would mean that currency traders would be likely to discount the chances of Turkey ever joining the trade block, let alone become a member of the euro club, Schmieding said. That would erode the trend toward convergence of the Turkish lira with Europe's single currency.
.
Within the EU, a French rejection probably would not diminish the desire of governments in new member states in Central and Eastern Europe to join the euro zone, said Eric Chaney, an economist with Morgan Stanley in London.
.
Governments in countries like Poland and the Czech Republic are keen on the euro because membership would enable them to pay lower interest rates on their public debts than if they stick with their old currencies, Chaney said.
.
Whether it would be harder or take longer for them to join the club without the constitution was up for debate.
.
Boone argued that without the constitution's streamlined procedures, decision-making could bog down.
.
Chaney, on the other hand, does not see much difference. European governments "will be just as likely as in the past to accept countries that qualify to use the euro in the future, even without a constitution," he said.
.
Still, economists generally agree that a French vote against the constitution could have a destabilizing effect on the euro - although they disagree about how far the euro would fall and how long the impact would last.
.
Some predict a flash in the pan: "Any short-term pressure on the euro would remain short-term," said Schmieding of Bank of America.
.
Others warn that traders and bankers would view a snub by France as a rejection of a European Union that is steadily liberalizing and expanding. That, they say, could threaten the long-term stability of the 25-member bloc as a whole - and with it the stability of the euro.
.
Under this scenario, a protracted struggle could ensue over whether Europe enacts further market-friendly reforms. France, and perhaps Germany, would cling to generous state protections in tax and employment policies. At the same time, greater powers that would have been delegated to the "eurogroup" finance ministers to police deficits - and recommend which countries next qualify to use the euro - would be lost.
.
Any whiff of prolonged confusion in Europe could be particularly significant in Asia, where central bankers have been stocking up on euros in a bid to diversify their portfolios away from a heavy reliance on dollars.
.
"If you are a banker sitting in Beijing, you're going to say to yourself, 'Let's wait until this settles' before diversifying even further into euros," said Chaney of Morgan Stanley. "And remember, foreign exchange markets are highly sensitive to Asian central banks."
.
According to Chaney, a French "no" could mean a significant depreciation of as much as 10 percent over the next couple of years in the value of the euro compared with the dollar. That could be a boon for exporters in Europe who are finding it harder to sell their products overseas, precisely because of the euro's rise against the dollar since 2002.
.
.
See more of the world that matters - click here for home delivery of the International Herald Tribune.
.
< < Back to Start of Article PARIS A refusal by French voters to endorse a constitution for Europe could drive the euro down a bit for a time, but probably would not deal a deep and lasting blow to a currency that has already weathered storms over the way it is managed, economists said.
.
In three short years, the euro has strengthened against the dollar despite chronic bickering among the 12 euro-zone countries over everything from who should head the European Central Bank to the loosening of rules that govern their spending.
.
"We already have a treaty in place to manage the European Union and we already have a central bank in place to manage the euro," said Laurence Boone, the chief economist for France at Barclays Capital in Paris.
.
Most economists say the crucial factor behind any long-term change in the value of the euro remains whether investors prefer to put their money in the United States or in Europe - and that is something that will largely depend on the relative health of the two economies. "There's no reason to have an extra risk premium" because of a 'no' vote in France, Boone said.
.
In fact, some economists speculate that the currency that is likely to suffer most from a "no" vote in France would be the Turkish lira.
.
"Europe will be seen as less willing to integrate new members," said Holger Schmieding, an economist at Bank of America in London. "Signs that Europe is looking inward will have a significant effect on the Turkish market."
.
A French "no" would mean that currency traders would be likely to discount the chances of Turkey ever joining the trade block, let alone become a member of the euro club, Schmieding said. That would erode the trend toward convergence of the Turkish lira with Europe's single currency.
.
Within the EU, a French rejection probably would not diminish the desire of governments in new member states in Central and Eastern Europe to join the euro zone, said Eric Chaney, an economist with Morgan Stanley in London.
.
Governments in countries like Poland and the Czech Republic are keen on the euro because membership would enable them to pay lower interest rates on their public debts than if they stick with their old currencies, Chaney said.
.
Whether it would be harder or take longer for them to join the club without the constitution was up for debate.
.
Boone argued that without the constitution's streamlined procedures, decision-making could bog down.
.
Chaney, on the other hand, does not see much difference. European governments "will be just as likely as in the past to accept countries that qualify to use the euro in the future, even without a constitution," he said.
.
Still, economists generally agree that a French vote against the constitution could have a destabilizing effect on the euro - although they disagree about how far the euro would fall and how long the impact would last.
.
Some predict a flash in the pan: "Any short-term pressure on the euro would remain short-term," said Schmieding of Bank of America.
.
Others warn that traders and bankers would view a snub by France as a rejection of a European Union that is steadily liberalizing and expanding. That, they say, could threaten the long-term stability of the 25-member bloc as a whole - and with it the stability of the euro.
.
Under this scenario, a protracted struggle could ensue over whether Europe enacts further market-friendly reforms. France, and perhaps Germany, would cling to generous state protections in tax and employment policies. At the same time, greater powers that would have been delegated to the "eurogroup" finance ministers to police deficits - and recommend which countries next qualify to use the euro - would be lost.
.
Any whiff of prolonged confusion in Europe could be particularly significant in Asia, where central bankers have been stocking up on euros in a bid to diversify their portfolios away from a heavy reliance on dollars.
.
"If you are a banker sitting in Beijing, you're going to say to yourself, 'Let's wait until this settles' before diversifying even further into euros," said Chaney of Morgan Stanley. "And remember, foreign exchange markets are highly sensitive to Asian central banks."
.
According to Chaney, a French "no" could mean a significant depreciation of as much as 10 percent over the next couple of years in the value of the euro compared with the dollar. That could be a boon for exporters in Europe who are finding it harder to sell their products overseas, precisely because of the euro's rise against the dollar since 2002.
.
.
See more of the world that matters - click here for home delivery of the International Herald Tribune.
.
< < Back to Start of Article PARIS A refusal by French voters to endorse a constitution for Europe could drive the euro down a bit for a time, but probably would not deal a deep and lasting blow to a currency that has already weathered storms over the way it is managed, economists said.
.
In three short years, the euro has strengthened against the dollar despite chronic bickering among the 12 euro-zone countries over everything from who should head the European Central Bank to the loosening of rules that govern their spending.
.
"We already have a treaty in place to manage the European Union and we already have a central bank in place to manage the euro," said Laurence Boone, the chief economist for France at Barclays Capital in Paris.
.
Most economists say the crucial factor behind any long-term change in the value of the euro remains whether investors prefer to put their money in the United States or in Europe - and that is something that will largely depend on the relative health of the two economies. "There's no reason to have an extra risk premium" because of a 'no' vote in France, Boone said.
.
In fact, some economists speculate that the currency that is likely to suffer most from a "no" vote in France would be the Turkish lira.
.
"Europe will be seen as less willing to integrate new members," said Holger Schmieding, an economist at Bank of America in London. "Signs that Europe is looking inward will have a significant effect on the Turkish market."
.
A French "no" would mean that currency traders would be likely to discount the chances of Turkey ever joining the trade block, let alone become a member of the euro club, Schmieding said. That would erode the trend toward convergence of the Turkish lira with Europe's single currency.
.
Within the EU, a French rejection probably would not diminish the desire of governments in new member states in Central and Eastern Europe to join the euro zone, said Eric Chaney, an economist with Morgan Stanley in London.
.
Governments in countries like Poland and the Czech Republic are keen on the euro because membership would enable them to pay lower interest rates on their public debts than if they stick with their old currencies, Chaney said.
.
Whether it would be harder or take longer for them to join the club without the constitution was up for debate.
.
Boone argued that without the constitution's streamlined procedures, decision-making could bog down.
.
Chaney, on the other hand, does not see much difference. European governments "will be just as likely as in the past to accept countries that qualify to use the euro in the future, even without a constitution," he said.
.
Still, economists generally agree that a French vote against the constitution could have a destabilizing effect on the euro - although they disagree about how far the euro would fall and how long the impact would last.
.
Some predict a flash in the pan: "Any short-term pressure on the euro would remain short-term," said Schmieding of Bank of America.
.
Others warn that traders and bankers would view a snub by France as a rejection of a European Union that is steadily liberalizing and expanding. That, they say, could threaten the long-term stability of the 25-member bloc as a whole - and with it the stability of the euro.
.
Under this scenario, a protracted struggle could ensue over whether Europe enacts further market-friendly reforms. France, and perhaps Germany, would cling to generous state protections in tax and employment policies. At the same time, greater powers that would have been delegated to the "eurogroup" finance ministers to police deficits - and recommend which countries next qualify to use the euro - would be lost.
.
Any whiff of prolonged confusion in Europe could be particularly significant in Asia, where central bankers have been stocking up on euros in a bid to diversify their portfolios away from a heavy reliance on dollars.
.
"If you are a banker sitting in Beijing, you're going to say to yourself, 'Let's wait until this settles' before diversifying even further into euros," said Chaney of Morgan Stanley. "And remember, foreign exchange markets are highly sensitive to Asian central banks."
.
According to Chaney, a French "no" could mean a significant depreciation of as much as 10 percent over the next couple of years in the value of the euro compared with the dollar. That could be a boon for exporters in Europe who are finding it harder to sell their products overseas, precisely because of the euro's rise against the dollar since 2002.
.
.
See more of the world that matters - click here for home delivery of the International Herald Tribune.
.
< < Back to Start of Article PARIS A refusal by French voters to endorse a constitution for Europe could drive the euro down a bit for a time, but probably would not deal a deep and lasting blow to a currency that has already weathered storms over the way it is managed, economists said.
.
In three short years, the euro has strengthened against the dollar despite chronic bickering among the 12 euro-zone countries over everything from who should head the European Central Bank to the loosening of rules that govern their spending.
.
"We already have a treaty in place to manage the European Union and we already have a central bank in place to manage the euro," said Laurence Boone, the chief economist for France at Barclays Capital in Paris.
.
Most economists say the crucial factor behind any long-term change in the value of the euro remains whether investors prefer to put their money in the United States or in Europe - and that is something that will largely depend on the relative health of the two economies. "There's no reason to have an extra risk premium" because of a 'no' vote in France, Boone said.
.
In fact, some economists speculate that the currency that is likely to suffer most from a "no" vote in France would be the Turkish lira.
.
"Europe will be seen as less willing to integrate new members," said Holger Schmieding, an economist at Bank of America in London. "Signs that Europe is looking inward will have a significant effect on the Turkish market."
.
A French "no" would mean that currency traders would be likely to discount the chances of Turkey ever joining the trade block, let alone become a member of the euro club, Schmieding said. That would erode the trend toward convergence of the Turkish lira with Europe's single currency.
.
Within the EU, a French rejection probably would not diminish the desire of governments in new member states in Central and Eastern Europe to join the euro zone, said Eric Chaney, an economist with Morgan Stanley in London.
.
Governments in countries like Poland and the Czech Republic are keen on the euro because membership would enable them to pay lower interest rates on their public debts than if they stick with their old currencies, Chaney said.
.
Whether it would be harder or take longer for them to join the club without the constitution was up for debate.
.
Boone argued that without the constitution's streamlined procedures, decision-making could bog down.
.
Chaney, on the other hand, does not see much difference. European governments "will be just as likely as in the past to accept countries that qualify to use the euro in the future, even without a constitution," he said.
.
Still, economists generally agree that a French vote against the constitution could have a destabilizing effect on the euro - although they disagree about how far the euro would fall and how long the impact would last.
.
Some predict a flash in the pan: "Any short-term pressure on the euro would remain short-term," said Schmieding of Bank of America.
.
Others warn that traders and bankers would view a snub by France as a rejection of a European Union that is steadily liberalizing and expanding. That, they say, could threaten the long-term stability of the 25-member bloc as a whole - and with it the stability of the euro.
.
Under this scenario, a protracted struggle could ensue over whether Europe enacts further market-friendly reforms. France, and perhaps Germany, would cling to generous state protections in tax and employment policies. At the same time, greater powers that would have been delegated to the "eurogroup" finance ministers to police deficits - and recommend which countries next qualify to use the euro - would be lost.
.
Any whiff of prolonged confusion in Europe could be particularly significant in Asia, where central bankers have been stocking up on euros in a bid to diversify their portfolios away from a heavy reliance on dollars.
.
"If you are a banker sitting in Beijing, you're going to say to yourself, 'Let's wait until this settles' before diversifying even further into euros," said Chaney of Morgan Stanley. "And remember, foreign exchange markets are highly sensitive to Asian central banks."
.
According to Chaney, a French "no" could mean a significant depreciation of as much as 10 percent over the next couple of years in the value of the euro compared with the dollar. That could be a boon for exporters in Europe who are finding it harder to sell their products overseas, precisely because of the euro's rise against the dollar since 2002.
.
.
See more of the world that matters - click here for home delivery of the International Herald Tribune.
.
< < Back to Start of Article










Subscriptions E-mail Alerts About the IHT : Privacy & Cookies : Contact the IHT

Subscribe to our RSS Feed Copyright © 2005 the International Herald Tribune All Rights Reserved
Site Feedback | Terms of Use | Contributor Policy

k baltic everyone's speculating on the effects

place your bets

another funny thing about the yanks here: they think that the euro is just going to disappear. dropped and forgotten, and all the countries using it are going to go back to their original currencies.

riiiight. listen kids, we know you dont like it, but high rate, low rate (like any currency) the euro is here to stay... you just dont switch currencies one day and switch back the next, you know.

no..sorry..you DONT know even such a simple thing. too dumb, you are.

i dont think its going to disappear either bazoom . some on the board would like to see it because well they hate you's and who could blame them .
I just said some Germans pine for it thats all .

again we will see how much chaos actually materializes when the fwench no vote happens.

what i do if anything at all Ill have to make up my mind very soon .

hey did ya's see gm yesterday told yas it was going to dip again
good long term buy im just waiting to buy a nice piece to hold for the climb back up to 50

The EU is, at best, a confederation. The euro, at best, can be considered "script". The history of longevity of a confederate script is about 10 years.

re: The Official FF.COM Let's Follow The Crash Of The Euro Thread en>fr fr>en
By bazoom Comments: 3326, member since Wed Feb 12, 2003

On Fri Apr 15, 2005 09:39 AM


"another funny thing about the yanks here: they think that the euro is just going to disappear. dropped and forgotten, and all the countries using it are going to go back to their original currencies. riiiight. listen kids, we know you dont like it, but high rate, low rate (like any currency) the euro is here to stay... you just dont switch currencies one day and switch back the next, you know. no..sorry..you DONT know even such a simple thing. too dumb, you are."


This type of talk reminds me of the public's perception of the Titanic as an invincible piece of maritime technology. Just because something is big and apparently all encompassing does not mean that the seams are bursting and rivets popping out to sink the whole enterprise. The above poster has no historical sensibility, to know that nothing lasts forever. Also, the above poster's is surprisingly one-dimensional in thought process. Many European countries have foregone their old currencies to adopt the Euro, a common currency is not enough - a common monetary policy monitored and enforced by a common Central Bank is required in order to sustain a monetary union. If the above-poster could move beyond the concrete of a handful of euros before his eyes, then he would see that the new European constitution, which the French people themselves might reject, includes various means to administer monetary policy.

see LOL

and uncles got a goddam good point too, I still dont think your monopoly money is going to disapper . but hey if it does i'll be laughing along with them cause i hate you faggits too.

The EU is, at best, a confederation. The euro, at best, can be considered "script". The history of longevity of a confederate script is about 10 years.

i still think they'll find a way to hold it together ( the euro )over the long term baltic

but hey you guys could be dead on

If the above-poster could move beyond the concrete of a handful of euros before his eyes, then he would see that the new European constitution, which the French people themselves might reject, includes various means to administer monetary policy.

1 EUR = US$ 1.26362 as of 2005.05.16 14:21 Universal Time (GMT).

But of course I see that my country's role as world export champion would surely profit from a falling Euro.

Oh, so you're Chinese?

world export champion

not exactly something to be proud of.



(why don't they understand that?)

We might go to Florence and Prague when the USD$ gets back to where it should be.

Anybody got Berlu's email address???

There is an upside in both cases, Baz.

Dollar going down:
Good for US jobs, bad for EU exports.
We get to laugh at frogs thinking that they are somehow going to benefit from the weak dollar.

So after a period of enjoying that, we get some frogs thinking that the Euro will supplant the dollar as the world currency, that Saudi Arabia is going to start selling oil in Euros, etc.

So Euros starts going down in value, and we see THOSE hopes dashed. Sure, the weaker Euro CAN help european exports, but the EU has already been taking fucking pigheaded steps to fuck themselves anyway, and considering the Eurozone is slipping into recession anyway, we can still get a chuckle at the stinkie's expense.

1 EUR = US$ 1.25894 as of 2005.05.18 00:11 Universal Time (GMT).

Damn,..the euro is dropping faster then a frog whore can hit her knees when the fleets in!

Shit, I better get rid of the Euros I brought back from EU.

We'll have a "world currency" before too long.

We already do. It's called the U.S. dollar.

The U.S. dollar sprouted wings in New York trading Friday after consolidating gains earlier in Asia.

The yen dived to 108.29 while the euro plummeted below a crucial technical level of 1.2550 to 1.2534. The British pound, under pressure for most of the week, touched a low of 1.8231. The Swiss franc fell sharply against the dollar to 1.2346 and against the euro to 1.5502.

The commodity currencies fell but not as sharply. The Australian and New Zealand dollars fell to .7532 and .7061 respectively, while the Canadian dollar dropped to a low of 1.2644.

Most currencies finished the week around their lows for the day with the euro quoted at 1.2547 in late New York trading, the yen at 108.15,the Swiss franc at 1.2322, and sterling at 1.8285. The New Zealand dollar was changing hands at .7091 and the Canadian dollar at 1.2645.

chirac:

Sacre bleu!!!

We are le fucked!!!

Now we will be le American's bitch!!!