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    • News Flash: The Euro's Not Really a Safe Bet [view article]
      Wow. tell us how you really feel about Europe? French girl left you? Here's a few pluses I can think of - Europe has a much better track record and history of going beyond it's borders for business, and it's companies are more international and faster at exploiting emerging markets than US companies. This is a cultural plus versus the isolationism leaning US. Europe has a lot of tech that is years ahead of what American companies are pushing to the local consumer (cellphones, SAP, renewable energies). That tech is going to compete better in latin america, africa, eastern europe. The Euro is since Dec. '06 the currency with the highest combined value of cash in circulation in the world. Fiat or no fiat, it's more stable than the Dollar, the other world currency. While oil and other commodities are costing more in dollars, they are relatively stable measured in Euros, this is a plus for Eurozone economy.

      This doesn't mean Europe is a sea of roses petals, it has it's many thorns, and some are listed in the article. However, Europe has been in business for a while, and doing better than other developed markets in the last couple years. This is no magic, and it didn't happen for no unreasonable reasons.
      Jan 04 04:41 PM
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