[Info-vax] HP stopping VMS paper documentation ?

[glen herrmannsfeldt]

Phillip Helbig---undress to reply <helbig at astro.multiclothesvax.de> wrote:

(snip)
> Whatever one thinks of the current problems, or of the Euro, the Euro is
> hardly the cause of the problems, rather it is being affected by the 
> problems in Greece and elsewhere.  Most of this is probably 
> psychological, though (as are most of the ups and downs of various 
> markets), considering that the population, GNP, whatever of Greece is 
> just a small fraction of the Eurozone.

As I understand it (maybe not very well) it is that the Euro is 
common currency, but each government is otherwise mostly separate.

Normally, the value of a currency should change depending on
a countries monetary policies (or lack thereof).  With the
Euro, the natural negative feedback path is gone, and so the
system isn't stable anymore.  Other systems need to be added
to keep it stable.

-- glen