This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
Posted by Alex - February 22, 2007 1:14 am - #
Good move!
Posted by pradyum - February 22, 2007 7:19 pm - #
Very smart move!
pradyum
Posted by Someone - February 23, 2007 4:37 pm - #
Hi!
The colour of the fon in the poster looks nice and very starbucks like series.
will the shipped fonera be the same as the one in the pic or will it be like the ordinary foneras shipped so far?
Regards
Posted by Martin Varsavsky - February 23, 2007 9:26 pm - #
Same color as the Fonera now, sorry…
Posted by Paweł Zimoląg - February 28, 2007 4:27 am - #
But only for US…there are Starbucks, not to mention cafes, in other countries too…