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Posted on FON | 12:12 am
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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.
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Posted by EP - October 11, 2006 7:10 pm - #
Great video, thanks for posting it. I still think they key to the US market is to go after the business commiunity (cafes, hotels, shopping malls, restaurants…) as a way to generate additional revenue for their businesses. In this way more consumers will be interacting with your service, and there will be a bigger incentive to sign up and stop paying for the service.
Posted by Martin Varsavsky - October 12, 2006 2:27 pm - #
I agree EP. We are actively pursuing contacts with retail chains.
Regards,