as well as the 'new' EU ?





Euro report whips up German storm
A political storm has broken out in Germany over reports that the government
may be distancing itself from the European single currency.
Stern magazine said that Finance Minister Hans Eichel had been present at a
meeting where the "collapse" of monetary union was discussed.

The government is planning to blame the euro for Germany's economic
weakness, the magazine added.

The report was dismissed by both the ministry and Germany's central bank.

But it comes at a sensitive time for Germany, as the country gears up for a
possible early general election following regional poll defeats for
Chancellor Gerhard Schroeder's ruling Social Democrats (SPD).

The euro dipped sharply when the report came out on Wednesday morning,
hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Struggling economy


The mere fact that it has been talked about means that it is a big deal
Jeremy Hodges, Lloyds TSB Financial Markets


Public dissatisfaction with the government's handling of the economy is one
of the greatest challenges facing Chancellor Schroeder.

His ruling SPD/Green coalition is widely expected to lose a parliamentary
vote of confidence, due to be held by 1 July, which would trigger a general
election.

The euro is seen as a potential source of political conflict. According to
Stern, some 56% of Germans want to go back to the deutschmark.

And dissatisfaction with the single currency has proved a potent topic in
the campaign ahead of this week's Dutch referendum on the European
constitution.

'Absurd'

Responding to the Stern report, the finance ministry and the Bundesbank
described talk of the euro's demise as absurd.

"Finance Minister Eichel and Bundesbank President Weber see the euro as a
unique success story and an important step in securing the future of
Europe," a Bundesbank spokesman said.

Both men said they had not taken part in discussions during the meeting on
the problems facing monetary union.

"The mere fact that it has been talked about means that it is a big deal,"
said Jeremy Hodges, head of foreign exchange sales at Lloyds TSB Financial
Markets.

"I see no reason whatsoever to go against the euro move."



Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/h...ss/4599681.stm

Published: 2005/06/01 13:52:29 GMT

© BBC MMV

On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
<[email protected]> wrote:

    >as well as the 'new' EU ?
    >Euro report whips up German storm
    >A political storm has broken out in Germany over reports that the government
    >may be distancing itself from the European single currency.
    >Stern magazine said that Finance Minister Hans Eichel had been present at a
    >meeting where the "collapse" of monetary union was discussed.
    >The government is planning to blame the euro for Germany's economic
    >weakness, the magazine added.

The Dutch beat them to it. They blamed the Germans and French for
breaking the rules and said that they would have never joined the Euro
if they had known that the French and Germans had not intended to
stick to the rules.

Explain how I get my Euros converted back to guilders and at what
rate.

"nitram" <[email protected]> wrote in message
news:[email protected]...
    > On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
    > <[email protected]> wrote:
    > >as well as the 'new' EU ?
    > >
    > >
    > >
    > >
    > >
    > >Euro report whips up German storm
    > >A political storm has broken out in Germany over reports that the
government
    > >may be distancing itself from the European single currency.
    > >Stern magazine said that Finance Minister Hans Eichel had been present at
a
    > >meeting where the "collapse" of monetary union was discussed.
    > >
    > >The government is planning to blame the euro for Germany's economic
    > >weakness, the magazine added.
    > The Dutch beat them to it. They blamed the Germans and French for
    > breaking the rules and said that they would have never joined the Euro
    > if they had known that the French and Germans had not intended to
    > stick to the rules.
    > Explain how I get my Euros converted back to guilders and at what
    > rate.

Probably to 'new' guilders at a rate to be fixed by the Dutch central bank.

But if you ask us nicely we might let you join the pound :-)

On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
<[email protected]> wrote:

    >"nitram" <[email protected]> wrote in message
    >news:[email protected].. .
    >> On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
    >> <[email protected]> wrote:
    >> >as well as the 'new' EU ?
    >> >
    >> >
    >> >
    >> >
    >> >
    >> >Euro report whips up German storm
    >> >A political storm has broken out in Germany over reports that the
    >government
    >> >may be distancing itself from the European single currency.
    >> >Stern magazine said that Finance Minister Hans Eichel had been present at
    >a
    >> >meeting where the "collapse" of monetary union was discussed.
    >> >
    >> >The government is planning to blame the euro for Germany's economic
    >> >weakness, the magazine added.
    >> The Dutch beat them to it. They blamed the Germans and French for
    >> breaking the rules and said that they would have never joined the Euro
    >> if they had known that the French and Germans had not intended to
    >> stick to the rules.
    >> Explain how I get my Euros converted back to guilders and at what
    >> rate.
    >Probably to 'new' guilders at a rate to be fixed by the Dutch central bank.

It's not so easy is it? It's why the word "irrevocable" was used at
the time that countries switched to the Euro.

    >But if you ask us nicely we might let you join the pound :-)

No thanks, I had some of those and they became valueless.

"nitram" <[email protected]> wrote in message
news:[email protected]...
    > On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
    > <[email protected]> wrote:
    > >
    > >"nitram" <[email protected]> wrote in message
    > >news:[email protected].. .
    > >> On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
    > >> <[email protected]> wrote:
    > >>
    > >> >as well as the 'new' EU ?
    > >> >
    > >> >
    > >> >
    > >> >
    > >> >
    > >> >Euro report whips up German storm
    > >> >A political storm has broken out in Germany over reports that the
    > >government
    > >> >may be distancing itself from the European single currency.
    > >> >Stern magazine said that Finance Minister Hans Eichel had been present
at
    > >a
    > >> >meeting where the "collapse" of monetary union was discussed.
    > >> >
    > >> >The government is planning to blame the euro for Germany's economic
    > >> >weakness, the magazine added.
    > >>
    > >> The Dutch beat them to it. They blamed the Germans and French for
    > >> breaking the rules and said that they would have never joined the Euro
    > >> if they had known that the French and Germans had not intended to
    > >> stick to the rules.
    > >>
    > >> Explain how I get my Euros converted back to guilders and at what
    > >> rate.
    > >
    > >Probably to 'new' guilders at a rate to be fixed by the Dutch central
bank.
    > It's not so easy is it? It's why the word "irrevocable" was used at
    > the time that countries switched to the Euro.

I really can't think of any reason why it should be irrevocable.

On Wed, 1 Jun 2005 18:04:53 +0100, "Miss L. Toe"
<[email protected]> wrote:

    >"nitram" <[email protected]> wrote in message
    >news:[email protected].. .
    >> On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
    >> <[email protected]> wrote:
    >> >
    >> >"nitram" <[email protected]> wrote in message
    >> >news:[email protected].. .
    >> >> On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
    >> >> <[email protected]> wrote:
    >> >>
    >> >> >as well as the 'new' EU ?
    >> >> >
    >> >> >
    >> >> >
    >> >> >
    >> >> >
    >> >> >Euro report whips up German storm
    >> >> >A political storm has broken out in Germany over reports that the
    >> >government
    >> >> >may be distancing itself from the European single currency.
    >> >> >Stern magazine said that Finance Minister Hans Eichel had been present
    >at
    >> >a
    >> >> >meeting where the "collapse" of monetary union was discussed.
    >> >> >
    >> >> >The government is planning to blame the euro for Germany's economic
    >> >> >weakness, the magazine added.
    >> >>
    >> >> The Dutch beat them to it. They blamed the Germans and French for
    >> >> breaking the rules and said that they would have never joined the Euro
    >> >> if they had known that the French and Germans had not intended to
    >> >> stick to the rules.
    >> >>
    >> >> Explain how I get my Euros converted back to guilders and at what
    >> >> rate.
    >> >
    >> >Probably to 'new' guilders at a rate to be fixed by the Dutch central
    >bank.
    >> It's not so easy is it? It's why the word "irrevocable" was used at
    >> the time that countries switched to the Euro.
    >I really can't think of any reason why it should be irrevocable.

I can think of a million ways of making a lot of money out of a change
back.

Miss L. Toe writes:

    > I really can't think of any reason why it should be irrevocable.

I can't think of any reason why it should be revoked. A
multiple-country currency is almost guaranteed to be more valuable and
stable than a single-nation currency.

--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.

In article <[email protected]>, nitram
<[email protected]> wrote:

    > On Wed, 1 Jun 2005 18:04:53 +0100, "Miss L. Toe"
    > <[email protected]> wrote:
    >
    > >
    > >"nitram" <[email protected]> wrote in message
    > >news:[email protected].. .
    > >> On Wed, 1 Jun 2005 17:42:05 +0100, "Miss L. Toe"
    > >> <[email protected]> wrote:
    > >>
    > >> >
    > >> >"nitram" <[email protected]> wrote in message
    > >> >news:[email protected].. .
    > >> >> On Wed, 1 Jun 2005 16:53:03 +0100, "Miss L. Toe"
    > >> >> <[email protected]> wrote:
    > >> >>
    > >> >> >as well as the 'new' EU ?
    > >> >> >
    > >> >> >
    > >> >> >
    > >> >> >
    > >> >> >
    > >> >> >Euro report whips up German storm
    > >> >> >A political storm has broken out in Germany over reports that the
    > >> >government
    > >> >> >may be distancing itself from the European single currency.
    > >> >> >Stern magazine said that Finance Minister Hans Eichel had been present
    > >at
    > >> >a
    > >> >> >meeting where the "collapse" of monetary union was discussed.
    > >> >> >
    > >> >> >The government is planning to blame the euro for Germany's economic
    > >> >> >weakness, the magazine added.
    > >> >>
    > >> >> The Dutch beat them to it. They blamed the Germans and French for
    > >> >> breaking the rules and said that they would have never joined the Euro
    > >> >> if they had known that the French and Germans had not intended to
    > >> >> stick to the rules.
    > >> >>
    > >> >> Explain how I get my Euros converted back to guilders and at what
    > >> >> rate.
    > >> >
    > >> >Probably to 'new' guilders at a rate to be fixed by the Dutch central
    > >bank.
    > >>
    > >> It's not so easy is it? It's why the word "irrevocable" was used at
    > >> the time that countries switched to the Euro.
    > >>
    > >
    > >I really can't think of any reason why it should be irrevocable.
    > >
    >
    > I can think of a million ways of making a lot of money out of a change
    > back.

Yikes! Another round of "rounding-up" on coffee, gum, soda....

jay
Wed Jun 01, 2005
mailto:[email protected]

Hi!

Miss L. Toe wrote:

    > The euro dipped sharply when the report came out on Wednesday morning,
    > hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.

Just wait until EUR 1 = US$ 1 = Yen 100.
Then replace EUR and $ by the Globo,
replace ¢ (both of them) with the Yen.

Just kidding ...

brgds

--
Gunter Herrmann
Naples, Florida, USA

On Wed, 01 Jun 2005 19:39:40 +0200, Mxsmanic <[email protected]>
wrote:

    >Miss L. Toe writes:
    >> I really can't think of any reason why it should be irrevocable.
    >I can't think of any reason why it should be revoked. A
    >multiple-country currency is almost guaranteed to be more valuable and
    >stable than a single-nation currency.

Like the DMark and the Guilder were for 25 years?

On Wed, 01 Jun 2005 14:44:18 -0400, Gunter Herrmann
<[email protected]> wrote:

    >Hi!
    >Miss L. Toe wrote:
    >> The euro dipped sharply when the report came out on Wednesday morning,
    >> hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.
    >Just wait until EUR 1 = US$ 1 = Yen 100.
    >Then replace EUR and $ by the Globo,
    >replace ¢ (both of them) with the Yen.
    >Just kidding ...
    >brgds
    >--
    >Gunter Herrmann
    >Naples, Florida, USA

Yeah but are pizzas in Naples Fla. better than in Pizza Hut in Milan?

You're a fine one too

"Miss L. Toe" <[email protected]> a écrit dans le message de
news: [email protected] s.net...
    > as well as the 'new' EU ?
    > Euro report whips up German storm
    > A political storm has broken out in Germany over reports that the
    > government
    > may be distancing itself from the European single currency.
    > Stern magazine said that Finance Minister Hans Eichel had been present at
    > a
    > meeting where the "collapse" of monetary union was discussed.
    > The government is planning to blame the euro for Germany's economic
    > weakness, the magazine added.
    > The report was dismissed by both the ministry and Germany's central bank.
    > But it comes at a sensitive time for Germany, as the country gears up for
    > a
    > possible early general election following regional poll defeats for
    > Chancellor Gerhard Schroeder's ruling Social Democrats (SPD).
    > The euro dipped sharply when the report came out on Wednesday morning,
    > hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.
    > Struggling economy
    > The mere fact that it has been talked about means that it is a big
    > deal
    > Jeremy Hodges, Lloyds TSB Financial Markets
    > Public dissatisfaction with the government's handling of the economy is
    > one
    > of the greatest challenges facing Chancellor Schroeder.
    > His ruling SPD/Green coalition is widely expected to lose a parliamentary
    > vote of confidence, due to be held by 1 July, which would trigger a
    > general
    > election.
    > The euro is seen as a potential source of political conflict. According to
    > Stern, some 56% of Germans want to go back to the deutschmark.
    > And dissatisfaction with the single currency has proved a potent topic in
    > the campaign ahead of this week's Dutch referendum on the European
    > constitution.
    > 'Absurd'
    > Responding to the Stern report, the finance ministry and the Bundesbank
    > described talk of the euro's demise as absurd.
    > "Finance Minister Eichel and Bundesbank President Weber see the euro as a
    > unique success story and an important step in securing the future of
    > Europe," a Bundesbank spokesman said.
    > Both men said they had not taken part in discussions during the meeting on
    > the problems facing monetary union.
    > "The mere fact that it has been talked about means that it is a big deal,"
    > said Jeremy Hodges, head of foreign exchange sales at Lloyds TSB Financial
    > Markets.
    > "I see no reason whatsoever to go against the euro move."
    > Story from BBC NEWS:
    > http://news.bbc.co.uk/go/pr/fr/-/1/h...ss/4599681.stm
    > Published: 2005/06/01 13:52:29 GMT
    > © BBC MMV
    >

On Wed, 01 Jun 2005 19:39:40 +0200, Mxsmanic <[email protected]>
wrote:

    >Miss L. Toe writes:
    >> I really can't think of any reason why it should be irrevocable.
    >I can't think of any reason why it should be revoked. A
    >multiple-country currency is almost guaranteed to be more valuable and
    >stable than a single-nation currency.

That's a very silly statement, a currency (now none are actually
backed with real assets) are related to their tradeable value and
trust, there's no inherent reason why a multi-nation country should be
stronger, there are lots of reasons why it shouldn't - individual
countries have a good reason to exploit the currency as the costs of
doing so are spread out between the other currencies as an exaample.

Jim.

On Wed, 01 Jun 2005 23:10:09 +0200, nitram <[email protected]> wrote:

    >On Wed, 01 Jun 2005 14:44:18 -0400, Gunter Herrmann
    ><[email protected]> wrote:
    >>Hi!
    >>Miss L. Toe wrote:
    >>> The euro dipped sharply when the report came out on Wednesday morning,
    >>> hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.
    >>Just wait until EUR 1 = US$ 1 = Yen 100.
    >>Then replace EUR and $ by the Globo,
    >>replace ¢ (both of them) with the Yen.
    >>Just kidding ...
    >>brgds
    >>--
    >>Gunter Herrmann
    >>Naples, Florida, USA
    >Yeah but are pizzas in Naples Fla. better than in Pizza Hut in Milan?

There's a Pizza Hut in Milan? Plenty of shitty Spizzico places, but I
don't believe Pizza Hut would show their face here.
--
---
DFM - http://www.deepfriedmars.com
---
--

On Wed, 01 Jun 2005 21:56:39 GMT, Deep Foiled Malls
<deepfreudmoors@eITmISaACTUALLYiREAL!l.nu> wrote:

    >On Wed, 01 Jun 2005 23:10:09 +0200, nitram <[email protected]> wrote:
    >>On Wed, 01 Jun 2005 14:44:18 -0400, Gunter Herrmann
    >><[email protected]> wrote:
    >>>Hi!
    >>>Miss L. Toe wrote:
    >>>> The euro dipped sharply when the report came out on Wednesday morning,
    >>>> hitting a seven-and-a-half month low of $1.2230 by 1200 GMT.
    >>>Just wait until EUR 1 = US$ 1 = Yen 100.
    >>>Then replace EUR and $ by the Globo,
    >>>replace ¢ (both of them) with the Yen.
    >>>Just kidding ...
    >>>brgds
    >>>--
    >>>Gunter Herrmann
    >>>Naples, Florida, USA
    >>Yeah but are pizzas in Naples Fla. better than in Pizza Hut in Milan?
    >There's a Pizza Hut in Milan? Plenty of shitty Spizzico places, but I
    >don't believe Pizza Hut would show their face here.

Dunno I never looked. The one in Leiden went bust.