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Author Topic: How does the Euro work?  (Read 267 times)

Offline eskimo2

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How does the Euro work?
« 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
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Offline miko2d

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How does the Euro work?
« Reply #1 on: January 02, 2002, 03:59:00 PM »
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Offline eskimo2

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How does the Euro work?
« Reply #2 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
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Offline Broes

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How does the Euro work?
« Reply #3 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
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