Klaus From Germany, joined Jul 2001, 20899 posts, RR: 55 Reply 6, posted (6 years 5 months 2 weeks 5 days 15 hours ago) and read 1793 times:
The € is stable (which does actually bother some, as evidenced by the Time article), it is by now the #1 cash currency worldwide and is continually gaining ground as a reserve currency while the € zone is remarkably stable and solid under difficult circumstances.
Rammstein From , joined Dec 1969, posts, RR: Reply 12, posted (6 years 5 months 2 weeks 5 days 14 hours ago) and read 1743 times:
Quoting Banco (Reply 7): Absolutely. It's only people who are unhappy, and who gives a stuff about them?
People are always unhappy about anything. Not a big news that people are particularly uneducated about economics (and I'm talking about macroeconomics, not the daily grocery shopping). Fortunately economists are ruling the European Central Bank, not the common people.
Quoting Pelican (Reply 8): And French and Italian politicians...
Unfortunately a lot of Italian politicians who like to blame someone else for their own faults are completely uneducated, if not idiots.
Quoting Klaus (Reply 6): The € is stable (which does actually bother some, as evidenced by the Time article), it is by now the #1 cash currency worldwide and is continually gaining ground as a reserve currency while the € zone is remarkably stable and solid under difficult circumstances.
True, these are the facts but, again, "normal people" would not be able to understand the involvement of this.
Aloges From Germany, joined Jan 2006, 8391 posts, RR: 47 Reply 15, posted (6 years 5 months 2 weeks 5 days 13 hours ago) and read 1691 times:
Quoting Banco (Reply 5): Loads of articles like this one around, lest you point it up as just one newspaper.
First time I hear about €urophobia in a long time... well, actually I do know someone who still refers to the German Mark all the time, but he's 87 and my grandfather. I don't think he's representative.
Andaman From , joined Dec 1969, posts, RR: Reply 16, posted (6 years 5 months 2 weeks 5 days 12 hours ago) and read 1673 times:
The new Slovenian Euro coins were mint in Finland, the Mint of Finland -company didn't want to tell how 234 million coins were transfered to Slovenia,
have there been heavy gargo traffic lately from HEL to LJU?
By the way, have you noticed how the figure of Finland and Sweden on 2 Euro coin look like a male body part.. or is it just me?
...in future that will change though, the next generation Euro coins will have a improved map of Europe, with Norway too.
Andaman From , joined Dec 1969, posts, RR: Reply 21, posted (6 years 5 months 2 weeks 5 days 11 hours ago) and read 1637 times:
Quoting Aloges (Reply 19):
Interesting, I didn't know that. It makes sense, though - there's no need to depict an amputated version of the continent.
Yes that amputated map looks bit odd.
Malta will be the next Euro-country 2008, after that there will be a few years break it seems.
Unfortunately only two countries, Finland and Netherlands, have chosen not use the smallest 1 & 2 cent coins. Finland have never had those and Netherlands made the same decision 2004. I don't know why they have to exist at all, they are simply annoying.
Small coins have never been popular in Finland and Finns use more cards than others in Europe - like taxi drivers prefer cards here.
Of course the 1 & 2 cent coins from other Euro countries are accepted in Finland - if you just have atleast 5 cents.
Andaman From , joined Dec 1969, posts, RR: Reply 22, posted (6 years 5 months 2 weeks 5 days 11 hours ago) and read 1619 times:
Quoting ZRHnerd (Reply 20):
Not interily, there'll still be that little hole in the heart of the continent
What is the general attitude in Switzerland, can you see your country joining the EU and Euro system?
By the way, can't thank Switzerland enough for Fazer-chokolate, which arrived Finland some 150y ago with the Fazer family Once again, that chokolate made my Xmas very sweet. Worth of every Euro!
Aloges From Germany, joined Jan 2006, 8391 posts, RR: 47 Reply 24, posted (6 years 5 months 2 weeks 5 days 10 hours ago) and read 1604 times:
Quoting Andaman (Reply 22): What is the general attitude in Switzerland, can you see your country joining the EU and Euro system?
I second that question! Swiss national pride has always appeared very strong to me, is there a sentiment to combine that with the advantages of full integration in the EU?
Quoting NoUFO (Reply 23): Why did they always show Great Britain then?
Being EU members, that kind of thing.
Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
25 Andaman: Actually the original map on Euro coins shows the EU members that time, I used the wrong term.
26 ZRHnerd: Not for now or the foreseeable future. With the latest bilaterals and the soon to come Schengen entry, we'll be well off without joining the EU. And
27 Boeing4ever: Meanwhile, any idea on when the rest of the EU members will switch to the Euro? I guess we can rule the UK and Sweden out for now. But how about the o
28 Traveler_7: Most probably Estonia will introduce €in 2008 or 2009
29 Oldeuropean: Welcome Slovenia. For the collectors here, the new Slovanian euro coins: http://en.wikipedia.org/wiki/Slovenian_euro_coins The design of some of the o
30 Slz396: The EU treathy from 1992 governing membership is quite clear on this matter: ALL EU members (*) MUST adopt the euro is their currency as soon as they
31 Banco: On the contrary, there's open hostility to the idea of the Euro in many of the new entrant states. I'm not sure where this will go, because switching
32 ME AVN FAN: Lots of emotion, usually out of the nostalgia about the "old" currencies which were part of the "national identity". Even many Italians, whose Lira u
33 Banco: Mmm, yes, true. But then the Euro itself was built on emotion more than anything. The economic arguments for it have always been a bit flimsy, it was
34 ME AVN FAN: - which will get dropped a few minutes after the top-gnomes in the Bahnhofstrasse see some more profits with the Euro ! While they at present make lo
35 Banco: It's an EU member, that's why. No hidden agenda or drama there. Although the EU have missed Wales off the map before now... http://news.bbc.co.uk/1/h
36 Klaus: Yeah, sure. Economists are such an emotional bunch!
37 Klaus: ...just without a vote at present - Switzerland is following most EU regulations but still has no say about them. Which is a pretty good reason for w
38 Banco: It wasn't economists who created the Euro, it was politicians. Economists would never in a million years have allowed Greece or Italy to join in the
39 Klaus: The advantages of a single consolidated and stable currency couldn't be more obvious. And stable it is. Regarding Britain, I've repeatedly stated tha
40 Banco: Yes. I notice that you completely ignored the point about the economists not having the remotest say in the accession of Greece, Italy (and Germany,
41 Klaus: Of course they did - the risks were generally well-known for the most part as were the obvious advantages, but the decision to take the plunge will a
42 ME AVN FAN: - isn't that strange ? This country here adopts E.U.-regulations and E.U.-laws, pays all relevant bills, adapts procedures, but just out of national
43 Banco: The whole decision was political from start to finish. There are so many things that wouldn't be done on an economic level that were. Now, you might
44 ME AVN FAN: - I regard this consideration as wrong, BECAUSE a union just of the strong currencies would push the "union-currency" upwards which would ruin the ex
45 Banco: Um. No, that's not how it works. It isn't a question of whether a currency is appreciating or depreciating, because countries cope with that. Germany
46 NoUFO: I wonder how you're going to substantiate your claim. If I recall correctly, most British economist urged Britain to join the Euro after the currency
47 Banco: Others have claimed it is a success, yet you've not asked them to sunstantiate that. Um, no, I don't think so. I can't guarantee that, but I recall a
48 Joni: Personally I've benefited from the Euro most via lower interest rates I pay on my mortgage. Increased cross-country competition also helps keep infla
49 Banco: Yes, which is why I said there are loads of articles from all over reflecting the same. Go and look for them. And once again, I'll just nail this oft
50 Joni: Well the fact remains that I've not seen anything like the Europhobia I've seen in British publications, in publications from other countries. I don'
51 ME AVN FAN: - "the basics" in case of Italy IS right, and that is a strong and stable economy. The advantage for Italy is that the political instability no longe
52 Banco: Oh, far be it for to me to be humorous. Indeed so. The hostility to the Euro in Italy is a bit peculiar really, because it must surely be a better sw
53 Kieron747: Sorry, but that has to be the best line in the thread! Thanks! Kieron747
54 NoUFO: Banco, I'm as little an economist as one can be. I just read reports published in unsuspicious newspapers such as Die Zeit, FAZ and Sueddeutsche Zeitu
55 ME AVN FAN: Sterling of course still IS a reserve currency, but if compared to what it still was in the 1950ies and 60ies only a shadow of its former "self" . Wh
56 Banco: So much depends on what you mean by success. You would note that nowhere have I said the Euro is a failure, and nor do I think it is. Indeed, the Eur
57 Pelican: But there are also disadvantages like the same interest rate for different economies or slim possibilities to counter trade in-balances between Euro
58 Banco: I'm curious, why do you say that? Do you mean in the sense of the Euro being at a lower level than the Mark might otherwise be? Yes, perhaps so. It'd
59 Klaus: A far-reaching concept for a long-term strategy is something entirely different from an "imperative". The former is an active, the latter a (more or
60 Banco: And that means, what, exactly? What on earth are you talking about? Yanking around a currency? What? Yes, it does. One advantage. Well done for findi
61 ME AVN FAN: - Giscard was the extremely successful Finance Minister of the 60ies, who practically cured the ailing French finances. Giscard IS an economist and f
62 Banco: Oh definitely. And also you keep hold of whatever is left over knowing that whichever country you go to next you can still spend it, so not having to
63 Braybuddy: I wouldn't say "desperately". Property prices have been cooling over the last year. Have to disagree with you there, Banco: http://online.wsj.com/pub
64 Banco: It's not as pressing as it was, I acknowledge. "Desperately" probably was too strong a word. Eurozone as a whole - not each and every country individ
65 ME AVN FAN: all depends on how you put your NON-Euros together. If Britain and Switzerland, alright, but if you take Serbia, Albania, Belarus and Russia together
66 BR076: true, but there is one winkle chain that spoils it all and where you still get that annoying 1 cent coins as change and that is ALDI , I only use pla
67 Banco: LOL. But those countries aren't EU members or affiliates now, are they? I suppose it could be a bit arbitrary as to who you say is and isn't, but I w
68 F.pier: I think it's a waste of time listening to UK people speaking about Euro. I'm very happy they aren't IN. They're so... full of themselves... OKOK I'0ll
69 Pelican: Exactly this is the reason why I became a little sceptical about the Euro, although I was enthusiastic in the beginning. The Euro may has cost German
70 NoUFO: Then you may want to let us know what the Euro should accomplish before you accept that the still comparatively new currency is a success. No, I didn
71 Banco: It shouldn't really matter. Because you have a single currency system, and to all intents and purposes one central reserve, it is only the same as sa
72 Klaus: Margaret Thatcher will have your head on a spike for that!
73 NoUFO: Because, with a public spirit like hers, she robbed the poor and distributed the money to the wealthy?
75 Pelican: The lack of an effective re-destributing system is what made me wonder. I've read somewhere that Italy will get into trouble because of a major in-ba
76 Banco: Don't know really. It's tends to depend on what you want out of it. How about, "things better than they probably would have been without it"? A nebul
77 Banco: Not, presumably, if that balances out across the rest of their trade, nor if they continue to earn currency outside of the Eurozone. It is odd, but b
78 Pelican: With my humble economic history back round I try to learn from the past. And in the end balance of payment problems led always to even more trouble.
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