€ failing
- Started
- Last post
- 49 Responses
- lowimpakt0
i haven't read whole thread but......
It is hard to chart the impact of the euro in the correct geopolitical/economic context. BUT It sometimes seems that the regional calls (from italy and germany etc) to a return to 'old' currencies is driven by a nationalistic agenda rather than a sound economic one.
much of the economic woes of europe come from factors above and beyond adjustment imapcts of the euro. To see what emerging economies in the east are doing to improve the "competitieness of the nation" is really really interesting. Logical processes of developing a legislative framework to ensure competitiveness, stimulating demand and creation of internal markets etc etc.
so basically retraction and retreat within europe is not the answer.
- stem0
Pardon my ignorance:
The thing I don't get with the euro, is that it has differing value in each 'member' country.
Wages, living standards, cost of food cost of petrol cost of consumer goods are of different value in each country - is this a single currency?
Was the intention of the euro just create the illusion of a single currency?
- lowimpakt0
Was the intention of the euro just create the illusion of a single currency?
stem
(Jun 20 05, 01:53)
-----------------------------the whole european project is led by "unity in diversity". Sounds like a paradox and it kind of is. as well as a headache.
the euro was to improve the functioning of the internal market which had been in development since WW2 ended.
but yes, there is no harmonisation in terms of regional economies. in some ways the problems in relation to the euro are caused by the things that the people who want the euro disbanded want. if that makes any sense.....................
- Witt0
i never understood it too.
in fact, i'm a dick at these matters but it looks to me that with the Euro you concentrate the exchange in one central bank only. Which saves the consumer and profits the EU ?
- Witt0
and as the relative weight of currency is by the amount of transactions in stock, having 1 single coin is best.
- CaP0
well, single currency as it is it's not just eliminating a the lira, peseta, franc and so on. it means a joined monetary politicy, economic aims, etc. it is very, very difficult to get this done: for example, so far interest rates are too low, which means the economy in some countries (spain, for example) is overheated. low interests mean the "value" of money is cheap, and that's needed, on the other hand, for bigger countries like france or germany to get things going (they're in a low moment now). so... if they keep this low interest rates, there's risk of local inflation in spain, but it's ok cos it'll take france and germany out of recesion.
it's very complex.
oh, and regarding your comment... that's something that can't be changed: you can't expect to get paid the same in london and leeds, cos the living expenses aren't the same (housing, eating, etc.). and that doesn't mean at all that london and leeds should have different currencies.
- spongebob0
am glad i'm in asia.
- kelpie0
Witt; gimme back my tinfoil hat :(
- Anarchitect0
in the end, there will be only one currency.
made of binary code.
stop bitchin' about a single currency.
- kelpie0
that'll be you telt then... ;)
- stem0
in the end, there will be only one currency.
made of binary code.
stop bitchin' about a single currency.
Anarchitect
(Jun 20 05, 03:15)Coins and notes went out with the ark.
They are only 'signifiers' for an abstract concept anyway!
- stem0
I think they were invented to help farmers!
This coin here Davey, you need 50 of these to make a sheep...
And 65 gets you a Cow...
You'll get 4 back for that pile of Manure...
That one worked then!
- lowimpakt0
They are only 'signifiers' for an abstract concept anyway!
stem
(Jun 20 05, 03:18)
----------------------------if only everyone realised that
- Witt0
ahah, kelpie,
here's the ultimate resource. step 7 is great:
http://zapatopi.net/afdb/afdbdia…
- JazX0
hmmmm
- lowimpakt0
durrrrrrr
- JazX0
If I'm a German, I'm pissed at the fact I'm forced to use a Euro.
- lowimpakt0
If I'm a German, I'm pissed at the fact I'm forced to use a Euro.
JazX
(Jun 21 05, 08:02)
---------------------------?
- Republican20
Hot off the press!