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Only because the largest financial sector in europe trades with the gbp, if you adopt the euro you would have a wider base for currency demand (because you've merged the markets) reducing currency fluctuation and you would, more importantly, get a rise in the value of the euro, most likely surpassing the current value of the gbp
[3 points]2 years ago by OliverWilbyReplyEdited 2 years ago by OliverWilby
I doubt it. Seems like if the UK made the switch most of all the benefit would be to those already on the Euro and most all the risk would be on the UK. Not saying it wouldn't work, just that it seems like the risk/benefit ratio isn't that good for the UK.
[1 point]2 years ago by dr1024ReplyEdited 2 years ago by dr1024
Actually it has to do with doing business on an international level and not with the current strength of either currency. There are lots of arguments to be made both for and against the switching though, I am for an unified European currency so any arguments I might put up would be pro conversion and I think you are smart enough to figure out for yourself what you prefer.
At the end of the day that is only what i understand, i'm not studying economics, but i have covered it in some of my international relations modules on globalisation. As I understand in its most simple form the strength of a currency depends on international demand for the given currency.
If that's your attitude, then no-one would ask another question relating to a specific country again, since it wouldn't matter to one person somewhere.
It wouldn't!! So why would Oliver care if it doesn't matter to you one way or the other? Why would we care that you don't care? Why did you bother commenting at all in this case? And why is it so difficult for USAans to take interest in international affairs? We're always hearing about your shit! Whould it be so hard to think about someone else for a dramatic change?
I have noticed many here go into much more detail about how Americans should resolve problems than Americans do the converse. I often wonder why they do. I would not be offended if non-Americans quit offering advice in regard to situations as unfamiliar to them as questions about the Euro are to me.
I agree with both of you, you could have added a "don't know/care" option for people like him. Then again Chipmonk could also have refrained from voting or commenting.
I didn't vote. I only commented. Unlike many here I never vote on questions I cannot truthfully answer; yet, often, I do comment. Perhaps I commented because "join the Euro" didn't ring the same bell "adopt the Euro" would have. Capeche? :)
Anyhow, this isn't the first time I've earned a -2 on a comment. ;)
[1 point]2 years ago by ChipmonkReplyEdited 2 years ago by Chipmonk
I think it was the tone of the comment that earned you the -2? I voted the comment back up as I thought it was a valid question.
The U.S. was instrumental in creating the European currency, they wanted a united Europe to make trade easier and to act as a block to the Russians. Without the initial efforts of the U.S. the European unification and European currency might not have happened. (Another good thing the U.S. has done in my opinion)
United Kingdom
You mean should they do away with the british pound and switch to Euros? No, the british pound is stronger than the Euro.
Only because the largest financial sector in europe trades with the gbp, if you adopt the euro you would have a wider base for currency demand (because you've merged the markets) reducing currency fluctuation and you would, more importantly, get a rise in the value of the euro, most likely surpassing the current value of the gbp
I don't think that would happen as a result of GB adopting the Euro...
I doubt it. Seems like if the UK made the switch most of all the benefit would be to those already on the Euro and most all the risk would be on the UK. Not saying it wouldn't work, just that it seems like the risk/benefit ratio isn't that good for the UK.
Actually it has to do with doing business on an international level and not with the current strength of either currency. There are lots of arguments to be made both for and against the switching though, I am for an unified European currency so any arguments I might put up would be pro conversion and I think you are smart enough to figure out for yourself what you prefer.
At the end of the day that is only what i understand, i'm not studying economics, but i have covered it in some of my international relations modules on globalisation. As I understand in its most simple form the strength of a currency depends on international demand for the given currency.
Why should it matter to me one way or the other?
A stronger euro might be bad for US trade for example.
If that's your attitude, then no-one would ask another question relating to a specific country again, since it wouldn't matter to one person somewhere.
I seriously doubt that; why would anyone care if it didn't matter to one person somewhere?
It wouldn't!! So why would Oliver care if it doesn't matter to you one way or the other? Why would we care that you don't care? Why did you bother commenting at all in this case? And why is it so difficult for USAans to take interest in international affairs? We're always hearing about your shit! Whould it be so hard to think about someone else for a dramatic change?
I have noticed many here go into much more detail about how Americans should resolve problems than Americans do the converse. I often wonder why they do. I would not be offended if non-Americans quit offering advice in regard to situations as unfamiliar to them as questions about the Euro are to me.
I agree with both of you, you could have added a "don't know/care" option for people like him. Then again Chipmonk could also have refrained from voting or commenting.
sorry its my first question, didn't realise that people who don't have an opinion or a worthy contribution still feel like making their voice heard!
I'll get it right next time! =]
I didn't vote. I only commented. Unlike many here I never vote on questions I cannot truthfully answer; yet, often, I do comment. Perhaps I commented because "join the Euro" didn't ring the same bell "adopt the Euro" would have. Capeche? :)
Anyhow, this isn't the first time I've earned a -2 on a comment. ;)
I think it was the tone of the comment that earned you the -2? I voted the comment back up as I thought it was a valid question.
The U.S. was instrumental in creating the European currency, they wanted a united Europe to make trade easier and to act as a block to the Russians. Without the initial efforts of the U.S. the European unification and European currency might not have happened. (Another good thing the U.S. has done in my opinion)
Thanks. By leaving my comment it led to your revelation of significant info that would not otherwise had been revealed. A win/win, eh? :-)
I have no idea what you are talking about.