It may be less keenon Dresdner doing a deal with Deutsche, in which it holds 5%, because it vies with Deutsche for the role of German finance's kingpin.
Also, because the unions would have stayed away, the remaining Dems will not be too keenon taking up causes for the unions, especially when they were not doing so even when they were backed by them.
But Phillips says he is not looking beyond doing a job in Argentina to the best of his abilities, although he admits he would bekeenon a longer commitment.