Aces High Bulletin Board

General Forums => The O' Club => Topic started by: eskimo2 on January 02, 2002, 03:50:00 PM

Title: How does the Euro work?
Post by: eskimo2 on January 02, 2002, 03:50:00 PM

How does the Euro work?

Economically, how are things sorted out among the involve countries?
Who prints it?  
Who controls it?
What's to prevent country A from setting wages and service costs 3X as high as country B and therefore increasing the spending power of its citizens?
How do the governments spend big money without diminishing the Euro value in general?

eskimo

Title: How does the Euro work?
Post by: miko2d on January 02, 2002, 03:59:00 PM

How Euro Works (http://www.howstuffworks.com/euro.htm)

  :)

Title: How does the Euro work?
Post by: eskimo2 on January 02, 2002, 06:40:00 PM

Miko;
Thanks!
Great articles, I read them all!
Great web sight as well.

It makes a lot more sense now.

eskimo

Title: How does the Euro work?
Post by: Broes on January 03, 2002, 10:54:00 AM

Eskimo...  To awnser your specific question, the european cenral bank controls it. Even if a country decide to raise wages/prizes, this will directly be compensated by the export drop of that country...

Broes