Old Hippie Posted November 22, 2010 Report Posted November 22, 2010 Given the current economic mess, particularly in Europe, was the Euro a good idea or a bad one? Discuss...
unit731 Posted November 22, 2010 Report Posted November 22, 2010 In theory, the Euro was supposed to be a competitor to the US dollar. And part of the unification of Europe. Although, I obtained a B- in Econommics, I would hazzard a guess that this whole experiment was not thoroughly vetted. The Brits kept their pound. For good or bad.
simie Posted November 22, 2010 Report Posted November 22, 2010 I personally would like the UK to leave the EU. And about the only good thing that fuckwit Gordon Brown did was keep us out of the Euro. I think most countries who went into it are now regretting it? Simie.
rchapstick Posted November 23, 2010 Report Posted November 23, 2010 was the Euro a good idea or a bad one? Discuss... Yes! Unequivocally!
chelseafan Posted November 23, 2010 Report Posted November 23, 2010 I am just amazed that when each country within the eurozone is suffering and that we are all having to cut back on spending that we can suddeny find billions to prop up what is a flawed concept. Even if the euro ultimately fails, it won't as too much has been invested.
Old Hippie Posted November 23, 2010 Author Report Posted November 23, 2010 was the Euro a good idea or a bad one? Discuss... Yes! Unequivocally! How so? Please elaborate...
Mekong Posted November 23, 2010 Report Posted November 23, 2010 As a Dumbfux Engineer and not an ecconomist I will give it a shot. Too much disparity across the Eurozone, strong ecconamies such as Germany and Holland (Believe it or not most EU Trade is through the Netherlands) and week ecconomies such as Greece Spain and now Ireland, the Celtic Tiger has bit back rather much like Thailand did in 1997. Of the two EU countries who did not join up for the Euro I will always take CHF over GBP (Swiss Franks v Pound Sterling), I have my European Company registered in Switzerland, there is no way I would do business in Euros
simie Posted November 23, 2010 Report Posted November 23, 2010 Mekong, I agree with the first part of your post but on the second part, the Swiss are not actually in the EU. Like the Norwegians who also had the good sense to stay out of the EU they are in the EEA. Simie.
Nervous God Posted November 23, 2010 Report Posted November 23, 2010 one dumb engineer to another Swiss aren't in the EU are they? Some of the Scandinavian countries opted out I thought? Switzerland Sweden, No'rway we be part of the Euro!
Mekong Posted November 23, 2010 Report Posted November 23, 2010 OK I am confusing Europe as a Continent as opposed to European Union, its been 22 years since I last lived / worked here so a little bit out of touch. That being said I still stand by my comment on CHF, Its just hit me that Switzerland in not in the EU thats the reason I am Tax Free I knew that there was a good reason for setting up a company there.
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