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While clearly pointing out the weaknesses of geopolitical arrangements,michael kors factory outlet, the dangers to the US dollar and its global reserve status,michael kors outlet, Eichengreen shows us the forces at work.He believes,michael kors crossbody bags, and I agree,michael kors handbags clearance, that the euro will remain a global currency and continue to rival the US dollar in spite of the current agonies of Greece, Ireland and Portugal.The euro was always,michael kors baby bag, like the European Union, a political response to preventing further wars on that continent.I agree with PIMCo's Mohamed A.El-Erian's assessment (Bloomberg April 7,michael kors outlet store, 2011) that Portugal's recent meltdown does not auger more falling dominoes (however gleeful those betting with CDSs).
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Eichengreen shows us the forces at work.He believes
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