The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
We are not seeing a huge impact on the DAX ahead of the Fed's decision tomorrow, but foreign investors had bought into the idea of reform and the risk is that they will unwind their overweight positions, which would be negative for the euro.
We must stress that the euro has been beneficial to the European Union because, otherwise, in this context of international turmoil, every country would have to devalue their currencies.
There is a strong wait-and-see mode ahead of key economic events in the US, including tomorrow's GDP release and next week's FOMC meeting. This weighed on the euro despite a supportive strong German IFO survey.
The Italians are very strong defensively. They showed in Euro 2000 how good defensively they are.
A country like France now does two-thirds of its trade within the euro zone.
Chances are the movements of the euro as against the dollar will be relatively moderate.
In that match for Holland I asked for a big responsibility, I got it and I dealt with it. I played well, I scored goals and the team qualified for the Euro 2004 finals. It was a big night and an important moment for Holland.
We have the EURO as a currency, which means a lot. It has not just stabilized the situation in Kosovo politically and economically, but also facilitated the direct contact that we have with Europe.
Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.
At Euro '92 itself, we bowed out to the eventual winners, Denmark, in our final group match.
Historically, the host nations do well in Euro 2000.
Following Scotland will always have highs and lows but hopefully we will be stronger for the Euro qualifiers and the tournament would be better with the presence of the Tartan Army.
So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
Indeed, the creators of the euro envisioned it as an instrument to promote political union.
So Europe's a big driver. And at one point, if the euro hadn't devalued, they would have been making as much money as the US with half the stores. Returns were higher.
© 2020 Inspirational Stories
© 2020 Inspirational Stories