| Which country has become the latest European nation to adopt Euro (€) as its official currency today? |
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Asked 1 year ago
by irenacubirkova  Slovakia |
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About
diskusiaf1@szm.sk
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| 7 Points |
Let me tell you something irenacubirkova, you guys are going to rue the day that happened. Slovakia and the Czech Republic were once shopping paradises and made a lot of money from people going shopping in both countries and the tourism. Now you folks in Slovakia are going to see first hand an inflation explosion you never thought was possible. Watch how the prices start doubling and tripling and more. Then I'd like to see what kind of questions you ask here.
What if I can show you that actual inflation in the eurozone is 2-3% lower average to pre-euro inflation?
As a matter of fact here it is :
http://www.imf.org/external/pubs/ft/weo/2008/02/weodata/weorept.aspx?sy=1980&ey=2013&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=85&pr1.y=8&c=122%2C136%2C124%2C137%2C423%2C181%2C172%2C138%2C132%2C182%2C134%2C961%2C174%2C184%2C178&s=PCPIPCH&grp=0&a=
That is a pretty good article but they left out what happened in the beginning. I watched the price of a coke(one example) go from €.25 to € 1.50 in less than a year. Price raises to support labor and material costs are understandable but what they did in Europe with the Euro was fill a lot of pockets of the big boys.
In Slovakia is the price of a coke 1,25 € Today.
That was not an article that was the International Monetary fund analysis of the real inflation it the eurozone since 1981, most countries locked their currency to the Euro in 1999 and changed in 2001 check that time period out.
Real inflation keeps track of bank interest, VAT and services prices along consumer product prices. Also IMF keeps track of inflation in "International Dollar" currency so that euro exchange rates are also counted.
Answer is Slovakia.
We have a big problem today with comeback communism-politicians in government (Fico & company).
This is the biggest problem for Slovakia future and economy.
It´s true, that prices will be higher. But year after year are prices in slovakia higher.
For sample:
Price bread progress:
1989 = 0,25 €
1993 = 0,4 €
1999 = 0,65 €
2004 = 1 €
2008 = 1, 46 €
Yes, I absolutely agree. Prices are going to be higher with or without euro currency. It´s economicly declared that the influence of euro currency on inflation rate has been very small in all euro-zone-members, the feel that everything is more expensive is right, but the cause is different from that one you talked about,Wingnutt. Except from this, Slovakia became a destination for new VW investition (new factory) in this financial crisis mainly because Slovakia adopted euro (not only because of cost of labour, because in Romania are the costs of labour´s selleries much lower).