Re: Name reporting?

In article <MPG.22df4f4bc1aa2ecc98c0f7@xxxxxxxxxxxxxxxxxxxxx>,
xxxh@xxxxxxxxxxxxxxxx says...
In article <6ded6iF261mnU1@xxxxxxxxxxxxxxxxxx>,
catrionarNOSPAM@xxxxxxxxxxxxxx says...

On Mon, 7 Jul 2008 04:02:06 -0700 (PDT), lcpltom <lcpltom@xxxxxxxxx>
wrote:

As for the Euro, its only a matter of time before the U.K. adopts it.
It might take a long time though, much like the U.S. switching to
metric (and yes, it will happen).

Given that you don't live in the UK or Europe, and don't know the
situation over here, why are you so sure it'll happen? So far, all we in
the UK hear about the Euro is how much of a disaster it's been, how it's
ruining the economies in various countries, etc etc.

This the people who speculate who can ruin economies - the euro is a way
to try and avoid that.

Of course the
European politicians still want to force us into it but nobody's given a
convincing argument as to why it's a good idea.

Peace and harmony not grabbing you? :)

In fact the more we see
of it the more it seems a bad bad bad idea that should never ever
happen...

Yeah you brits you hate the world *g*

But no good idea in having a lot of different currencies, except if you
are someone who wants to make a fortune speculating on selling and
buying (and ruining economies) - it would be better for ordinary people
and society in general if one could eliminate speculation in tilting
economies, ie get a common (world) currency. The problem is when you
have a lot of countries who are not of equal value - since the
politicians are not really prepared to nominated first and second rate
countries they go through all kinds of contortions trying to get the
common currency to work.

.... and that's exactly the reason why the British don't want the Euro.
The Euro is great for all the countries with weaker economies and
currencies, there is less benefit for the stronger currencies such as
the pound and the swiss franc to join.

Add to that the loss of control of interest rates and hence inflation,
and also required money transfers to the weaker members and it's not
difficult to see why so many people think the UK is better off out of
it. ;)

T.

.

Relevant Pages

  • Vanity currencies?
    ... There are arguments for and against the Baltic countries joining the euro ... Even though the Baltic currencies are stable and pegged to the euro, ... has to exchange his/her kroons at home, ...
    (soc.culture.baltics)
  • Azi despre euro; primejdiile la panda
    ... Europe had wisely skipped the dotcom mania, and its new currency, the euro, was giving the continent a boost. ... Europe may have avoided the American subprime mess, but in several countries house prices have been even bubblier than in America. ... A property bust may not produce an American-style mortgage meltdown, but it will surely topple economies heavily dependent on construction. ...
    (soc.culture.romanian)
  • Re: Invoice with two currencies`
    ... Some companies offer a hint in other currencies, ... As to Europe: ... There are 25 countries in the EU. ... Invoicing system based on dollars. ...
    (comp.databases.filemaker)
  • 7 Countries Considering Abandoning the US Dollar
    ... These are seven of the countries currently considering a move from the ... investments to currencies of countries other than the US. ... Venezuela to trade oil with 12 Latin American countries and Cuba ... to the euro and other currencies. ...
    (soc.culture.cuba)
  • Re: How to save the euro?
    ... while at the same time retaining the euro as a parallel currency ... that finds its market value in competition to reissued national currencies. ... disparate economies. ...
    (uk.politics.misc)