Syria has not 'pegged its currency to the Euro', and neither Iran or Venezuela are planning to do so.
The Syrian Pound is pegged to the United States Dollar, and the Syrian Pound exchange rate vis a vis other currencies is derived by reference to their exchange rates expressed in US Dollars in International Financial markets and the pegged rate of the Syrian Pound to the US Dollar.
Central Bank of SyriaVenezuela is not about to peg its currency to the Euro either; it has transferred some reserves to European banks, which is a different thing. If Iran did set up a market trading oil in euros (which won't happen until mid 2006 at the earliest), that wouldn't mean the Iranian currency is pegged to the Euro - any more than the oil market in London, which trades in dollars, impleis that the pound is pegged to the dollar. This guy is out of his depth, and floundering badly.
michnews.com is a far right website, containing, for instance, an article today calling the Democratic party 'traitors in our midst' and 'mentally unstable'. Do we really have to post screeds from it here?
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