RE: Euro nations

Vortex, you’re correct in stating that the dollar has devaluated in front of the Euro for a great deal because of US corporate screw-ups/cover-ups. But with the euro now being a ‘real’ currency, i’m not so sure if the dollar will be able to regain ground, and certainly not within a matter of months. The blow the US economy has gotten from it’s rotten components is considered really serious here – and with the euro now in the position to prove itself, this might lead to an interesting competition between the two.

Of course this depends for a large part on how well corporate America is able to regain some credibility. But i don’t think it (nor the rest of the global economy) can afford one more scandal of Enron or Worldcom magnitude without major consequences. And this would have far worse results than a weakened dollar (which is destabilising enough).