Before talking about those other countries and their respective currencies, what is your forecast for the euro?
We believe there is a wonderful buying opportunity for the euro. One reason is because the Euro-Zone counties are at least trying to reduce their costs, if you look at the US, whenever there is a problem they just spend more money. The Euro-Zone as a whole is running a deficit of about 6% of GDP which is about half of what the US is running. Sure, economic growth in the Euro-Zone may be lagging while governments are not spending money, but that may well strengthen the currency.
