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Topic: The Euro!< Next Oldest | Next Newest >
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damien_s_lucifer Search for posts by this member.
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PostIcon Posted on: Dec. 08 2001,08:44  Skip to the next post in this topic. Ignore posts   QUOTE
holy shit. I knew Europe had the Euro for business trading, but I didn't realize that most countries are replacing all their currency with it as January 1 2002.

No more Francs! No more Marks! No more Guilders!

Looks like the English are keeping their Pounds, though.

Europeans are insane... in this country, if the government tried swapping out the money we'd have armed revolts.

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ic0n0 Search for posts by this member.
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PostIcon Posted on: Dec. 08 2001,18:44 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
How far the Euro will go will remain to be seen.

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miNus Search for posts by this member.
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PostIcon Posted on: Dec. 08 2001,21:30 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
quote:
Originally posted by ic0n0:
How far the Euro will go will remain to be seen.

Hehe, this is fun

This message has been edited by miNus on December 09, 2001 at 04:30 PM

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DuSTman Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,02:13 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
a lot of european countries tend to list prices in both euros and local currencies now.

I don't really understand a lot of this "keep the pound" sentiment - A lot of it is the tradition argument, but the pound isn't what it traditionally was - the pound as it stands has only been around since decimalisation..

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veistran Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,02:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
The crazy thing is how they're going to roll it out, the logistics of it have to be crazy, to roll out a new currency concurrently in so many countries.
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TheManThatWasntThere Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,03:16 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
This debate is old hat, guys.

It happened already..

*edit* in '99

This message has been edited by TheManThatWasntThere on December 09, 2001 at 10:17 PM

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damien_s_lucifer Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,03:24 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
quote:
Originally posted by CatKnight:
lol damien I wasn't expecting you to bash the EU but good for you for realizing a bad idea when you see one.

I wasn't really bashing OR supporting the EU. I just said the Europeans are insane, which they are - rolling out a new currency all at once. If they're going to do it, that's probably the best way, I just can't believe they all agreed to go ahead with it at once!

DuSTman, may I make an observation about the "keep the pound" sentiment?

Almost all European countries changed their governments several times in the 19th and 20th centuries. A unified European government is seen by many on the Continent as essential to keeping Europe prosperous and stable.

The English government has been around since 1215. It continues to work pretty well to this day, so there isn't much motivation to give up your autonomy. The British have always had their own way of doing things and I think they will continue to do so for a long time to come.

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TheManThatWasntThere Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,03:36 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
quote:
Originally posted by damien_s_lucifer:
I just can't believe they all agreed to go ahead with it at once!
They didn't.
The EU had been considering the idea since ~1998-99

They are trying to follow in the footsteps of the US of A by attempting to create a unified country that would be governed similar to the way that the states are governed(with a country government and a much bigger one that presides over all the countries{think "federal and state"})

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CatKnight Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,05:31 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
lol damien I wasn't expecting you to bash the EU but good for you for realizing a bad idea when you see one.
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aventari Search for posts by this member.
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PostIcon Posted on: Dec. 09 2001,20:29 Skip to the previous post in this topic.  Ignore posts   QUOTE
Isn't the main reason Britain didn't want to switch to the Euro is because it will devalue their nation as a whole? You combine the money and GNPs of two disparate nations (such as Britain and Spain) and the poorer nation will gain while the richer nation stands to loose. I'm not claiming to know exactly how this is implemented, mind you, but here's they way I look at it.

If the US were to 'join' with a poorer state such as Mexico, and make it equal, all the sudden, our taxes are going south to help build roads, welfare, government offices, and basic 21st century infrastructure type stuff. Up here will be an influx of immigrants creating a bloated pool of unemployed while the number of jobs does not go up. I guess this will balance out eventually when the Mexicans are converted the consumer society where material wealth is the driving force behind life itself, and they 'trade thier history for a VCR'.

But I don't think the EU means conglomerating all these different countries under one government. Please enlighten me

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