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What Do You Think Of The Euro?

Wed Jan 24, 2001 3:36 am


Whether you´re a Eurolander, other European, Asian, American or whatever:
what do you think of our (meaning me and my Eurolandish compatriots  Big grin) new currency? Which impact does it have on your everyday live, which one will it have? Do you think it´s a good thing, what about your country staying out of it (yes, this means YOU, Swedes, Danes and Brits).
Just share your thoughts!

Daniel Smile

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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 3:48 am

Well, I have mixed feelings about the Euro.

It is not very nice to see my own currency (the Dutch guilder) go away but we get a nice currency back.

I live closeby the German and Belgian border. It will be a lot easier to compare prices in those countries and changing money is not necessary. But on the other hand, in most german shops closeby the border they accept guilders because the huge amount of Dutch people who come to do their shopping there, and they even have Dutch-speaking personell at fuel stations as fuel is much cheaper in germany than in the Netherlands.

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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 4:02 am

I think it's great. I think it will help Europe in many ways, most notably economically. I think it will be an important tool in ensuring European stability and peace. As an American, it will certainly be great to be able to go all over the continent and use one currency.

Don't worry OO-VEG, you will be no less Dutch because of the Euro, but you will be a little more European.
An unexamined life isn't worth living.
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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 8:36 am

I think it will be great for Europe. The slump in the markets was pretty much expected, but now its pretty close to the value of the dollar. It will certainly help trade between European Nations, and could probably become an influential currency in North Africa, the Balkans, and the Caucases, where economic or political problems have killed the local money.

Aaron G.
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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 10:13 am

On its introduction, there were some significant doom and gloom predictions of the Euro purporting to challenge the Dollar as a the dominant world currency... and it may yet do so, but I doubt it.

But it is (on balance) a very good thing, in that it will promote greater market efficiency in Europe, and simplify transactions between European countries and the rest of the world (like Great Britain!).

By the way, I recently heard someone say something that was, at once, both logical and contradictory.

It was said: "English has become the Lingua Franca of business."

What a yuk.
...three miles from BRONS, clear for the ILS one five approach...
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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 10:22 am

While it is good I am sure for France, Germany etc. and the rest of continental Europe, it's not neccessarily a good thing for Great Britain.

Britain's economic system is different from Europe's and more akin to the United States - perhaps a happy medium in between the two kinds of system. Either way, to join the Euro, Britain would have to significantly adjust just about everything about its Economic system... in some way or other.

The British also see it as a loss of Sovereignty. Something, I am afraid, I think I agree with. There is no question of smaller nations such as Canada and Australia joining such a scheme, so their argument is why should they?

Also, Britain has a lot to lose in its Commonwealth (what's left of it) if they join the Euro as they distance themselves yet further from South Africa, Australia, NZ, Canada, Kenya and other commonwealth countries (if there are any more any more...).

Also, Britain has slightly lower taxes in most *I stress most* areas and thus might not fit too well. I agree that I am coming from an anti-Europe point of view, but all I wish is for the UK (but no longer 'United' thanks to Blair's devolution, with Scotland having a parliament of its own and Wales having its own 'assembly') to join NAFTA. But I realize that it's not going to happen and so perhaps you should remember the phrase: IN EUROPE NOT RUN BY EUROPE.

Did I mention that I'm a capitalist? Big grin


N 8 6 3 D A
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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 11:37 am

I am excited to see the euro go into service, but the work will be plentiful to swicth curriencies. After the work is done, there will be no more currency confusion.
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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 12:55 pm

The Euro is a bloodless way of working towards what has been sought after for many hundreds of years, a centralized Europe. After reading about things like the war of spanish succession and the Spanish Armada and things of the such, I must agree it is an excellent idea, it may lead to a very strong rise for Europe.


RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 1:33 pm

I think the Euro is a good step towards a more unified European community, which will help in international relations and trade. I almost wouldn't be surprised if the USA and Canada tried a similar common monetary unit. (called the "America" maybe? Big grin)

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RE: What Do You Think Of The Euro?

Wed Jan 24, 2001 5:41 pm

I think Euro is a very good thing for EU especially for those Counties whose economy is not so healthy, like mine, Italy.
Euro has a great potential inside and it could become really as powerful as the US Dollar but untill the European Members won't realize that they have to act as one Country and to put Europe ahead of their national feelings, weel, Euro will just be a simple way of calculate how big is the dollar in all the 11 Countries.



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