Author Topic: Euros: What do you think of the Euro?  (Read 1666 times)

Offline beet1e

  • Persona Non Grata
  • Platinum Member
  • ******
  • Posts: 7848
Euros: What do you think of the Euro?
« on: December 05, 2002, 07:01:16 AM »
It’s been in Europe almost a year now, except for pockets of resistance like Denmark, Sweden and the UK. It seems fine to me, and means I no longer have to have a purse with a multitude of different compartments for all the different currencies when travelling in Europe. Just pounds and euros. I’ve heard stories about prices rising dramatically in euro states– are these stories true?  Some folks say that the different member states have economies which grow at different rates, and that a single currency cannot work, without a federal government, and a system of federal taxes and grants. But then again, the wealth and prospects (and prices) of London & the south east are vastly different from those of somewhere like Jarrow, County Durham, meaning that the UK has more than one economy, but with the same currency. :confused:

I would welcome the Euro, if it would work – but will it? Can it? Hope to hear the views from the 12 countries that adopted it.

Offline straffo

  • Persona Non Grata
  • Plutonium Member
  • *******
  • Posts: 10029
Euros: What do you think of the Euro?
« Reply #1 on: December 05, 2002, 07:09:52 AM »
From an economic point of view it didn't change anything for me except when I 1st received my bank account balance ,reading 1000€ and understanding 1000FRF was quite a shock :D (6.59 FRF == 1 €)

For a pratical stand point I've been to Italy last week and it was really usefull to have the same money !

Offline Gh0stFT

  • Silver Member
  • ****
  • Posts: 1736
Euros: What do you think of the Euro?
« Reply #2 on: December 05, 2002, 07:11:05 AM »
prices rising dramatically

thats true, but its not €uro fault, its the whole situation
on the world market that is not that bright right now.

If germany would still hold his Deutsche Mark, it would
be the same situation IMO.

regards
gh0stft
The statement below is true.
The statement above is false.

Offline DA98

  • Copper Member
  • **
  • Posts: 323
Euros: What do you think of the Euro?
« Reply #3 on: December 05, 2002, 07:18:12 AM »
I'm not an economist, so I can only speak from my day-to-day experience, and that says that although the government (with some magic number engineering) insists in saying that prices have not risen, it's A LOT harder to keep up with monthly bills than last year was. I even had to cancel my AH account... :mad:

Offline Dowding (Work)

  • Nickel Member
  • ***
  • Posts: 627
Euros: What do you think of the Euro?
« Reply #4 on: December 05, 2002, 07:39:36 AM »
I'm not a European. I'm British, Golly-geen it. ;)

But seriously, I have family in Spain (Zaragoza, to be precise), and they say shops were rounding up converted prices - this has been mirrored across Europe apparently. No doubt it would happen in the UK.

Personally, if it strengthens the European economy, then fine. But the idea of the British economy being so inextricably linked to such a disperate collection of economies worries me. Especially weaker economies.

I also would like to know how much control we would have over economic policy - interest rates and the like. I'm not too keen on the fact that we would have to move our national gold reserves to Brusselles.

I'm deeply suspicious of the corruption and waste that eminates from the upper echelons of the EU gravy train. Some aspects of it are distinctly undemocratic. I want reform.

Investors want the Euro - but the issues affecting big business investors are not the same as those affecting me and you. A stable EU economy is essentially, what I would be interested in.

Offline Tilt

  • Platinum Member
  • ******
  • Posts: 7358
      • FullTilt
Re: Euros: What do you think of the Euro?
« Reply #5 on: December 05, 2002, 07:58:37 AM »
Germany wants to reduce its interest rates to fuel growth for recovery.

France wants them to stay as they are as growth is nearly about right there.

Eire desparately wants to increase interest rates to slow consumer debt &  bring inflation down.


Germany will set the rate with a mind to France but Eire can GFI


The UK ...can do what ever it wants...............
Ludere Vincere

Offline devious

  • Nickel Member
  • ***
  • Posts: 703
      • http://www.jg301-wildesau.de
Euros: What do you think of the Euro?
« Reply #6 on: December 05, 2002, 08:05:43 AM »
Considering all the new candidates for the EU, I want my stable mark back.

Offline lazs2

  • Radioactive Member
  • *******
  • Posts: 24886
Euros: What do you think of the Euro?
« Reply #7 on: December 05, 2002, 08:14:57 AM »
On the purse thing... I think it would be nice if you could have a lighter purse.. My girlfriend is allways happy when she has less to carry in her purse.

on the gun thing...
"Alan Travis, home affairs editor
Friday February 23, 2001
The Guardian

England and Wales have one of the worst crime records in the industrialised world - even worse than America - according to the findings of an official survey published yesterday which compares the experience of victims across 17 countries.
The study, coordinated by the Dutch ministry of justice, shows England and Wales at the top of the world league with Australia as the countries where you are most likely to become a victim of crime. These countries face an annual rate of 58 crimes for every 100 inhabitants.

The findings, based on interviews with 35,000 people about their experience of crime across the 17 countries, were carried out last year. They are a blow to Labour's record and underline the challenge facing Tony Blair when he marks the launch of Labour's 10-year anti-crime plan next Monday by becoming the first serving prime minister to visit a prison.

The 2000 International Crime Victimisation survey shows that the falls in crime recorded since the mid-1990s in England and Wales are part of a general pattern of falling crime across the industrialised world but, unlike America, crime levels in England and Wales are still higher than they were at the end of the 1980s. When the survey was last carried out in 1996, England and Wales also topped the league table with 61 offences per 100 inhabitants.

The survey does show, however, that Britain has the best services when it comes to looking after the victims of crime, but it also shows we have a tougher approach to punishing criminals. Asked what should be done with a burglar convicted of stealing a colour television for a second time, more than 50% in England and Wales said he or she should be sent to prison for two years. Only 7% in Spain and 12% in France thought he or she should be jailed at all.

People were asked whether they had been victims of a range of 11 different offences in the previous 12 months, including violent and sexual assault, car crime, burglary and consumer fraud.

The survey also shows that Scotland, with 43 offences per 100 inhabitants, ranks joint fifth alongside America in the international crime league behind England, Australia, the Netherlands and Sweden. Northern Ireland has the second best crime record of the countries surveyed, with 24 offences per 100 inhabitants - the same rate as Switzerland and only just above Japan where the biggest crime problem is bicycle thefts. The detailed findings of the ICVS survey showthat England and Wales are top of the international league for car thefts with 2.6% of all car owners suffering the loss of their vehicle in the previous 12 months. In other sorts of car crime, England was second only to Poland.

Australia and then England and Wales had the highest burglary rates and rates for violent crimes such as robbery, assault and sexual assault "

the result of the backward thinking of the home office is the brutalizing of its helpless citizens... helpless to defend themselves against the strong and the vicious... a trajic example of "form over substance"... "let them eat cake" The lawless run england... In America... 3,000,000 such crimes are prevented by firearms each year... citizens have freedom and dignity one good thing about englands crime rate.... they have, obviously by necessity, learned to care for the traumatized, humiliated and injured victims...guess that's something

Offline takeda

  • Nickel Member
  • ***
  • Posts: 514
Euros: What do you think of the Euro?
« Reply #8 on: December 05, 2002, 08:38:50 AM »
The euro is all nice and practical... no problem.

The problem is the b*****s who converted their prices 1 euro = 100 pesetas, when in fact 1 euro = 166 pesetas, I say f***k them.... I hardly step into a bar, cafe or restaurant anymore. They can stuff their 60% overpriced coffee right up theirs, and then sue themselves if it is too hot.

Offline Dowding (Work)

  • Nickel Member
  • ***
  • Posts: 627
Euros: What do you think of the Euro?
« Reply #9 on: December 05, 2002, 08:49:23 AM »
lol Takeda :D

That's what my relatives were effectively saying.

Offline lazs2

  • Radioactive Member
  • *******
  • Posts: 24886
Euros: What do you think of the Euro?
« Reply #10 on: December 05, 2002, 08:55:01 AM »
I am not getting this.... It seems that if a merchant rounded his prices up that he would not be competitive with the guy that didn't..  
lazs

Offline thrila

  • Gold Member
  • *****
  • Posts: 3190
      • The Few Squadron
Euros: What do you think of the Euro?
« Reply #11 on: December 05, 2002, 09:15:37 AM »
Lazs, maybe your gf's purse would be lighter if she left her handgun and deer hunting rifle at home.;)
"Willy's gone and made another,
Something like it's elder brother-
Wing tips rounded, spinner's bigger.
Unbraced tailplane ends it's figure.
One-O-nine F is it's name-
F is for futile, not for fame."

Offline takeda

  • Nickel Member
  • ***
  • Posts: 514
Euros: What do you think of the Euro?
« Reply #12 on: December 05, 2002, 09:25:33 AM »
Lazs.... that only happens in the Capitalist Carebear Wonderland, here, in the real world, the minute you look the other way, a concerted price gouging wannabe cartel is forming. And doesn't matter if the government regulates prices or not, in free markets, as the one I mentioned, as soon as one bar rises its prices... it's a signal for the others to follow... no one wants to be the idiot making less... In somewhat regulated markets (i.e Telcos and electric companies) the government keeps raising the top allowed prices arguing they have to "converge" with european prices (while we keep getting paid less than half on average).
« Last Edit: December 05, 2002, 09:28:26 AM by takeda »

Offline Thud

  • Nickel Member
  • ***
  • Posts: 476
Euros: What do you think of the Euro?
« Reply #13 on: December 05, 2002, 09:38:36 AM »
The Euro is great, individuals only notice its effects when they're abroad on vacation, but for enterprises and institutions who deal with other countries it's absolutely fabulous. It makes all international transactions so much more transparant, easier, quicker and cost-efficient. And all those rumours on ridiculous price increases, only a few percents can be traced back to the Euro, and yes that has been researched. In a few years those increases will probably amount to zero, compared to what the prices would have been then without the Euro.

So apart from all kinds of uninformed people who claim out of prejudice that their lives have gotten more expensive (yes, the Euro is an convenient excuse to cover up your own incompetence in personal financial management) the introduction of the Euro has been a predominantly positive development.

Offline beet1e

  • Persona Non Grata
  • Platinum Member
  • ******
  • Posts: 7848
Euros: What do you think of the Euro?
« Reply #14 on: December 05, 2002, 09:53:09 AM »
Dowding - I think you are too young to remember when Britain converted to decimal currency. I was 16 then, and remember some prices had to be rounded. Initially there was a ½p coin - not popular, so they got rid of it, and everything got rounded again - including, one assumes, pay packets. But I don't think we would notice any € induced rounding. I mean Gordon Brown thinks we won't notice his stealth taxes. :rolleyes:

In Spain, I am not familiar with day to day price changes, but I did notice that the tolls on the autopista were very unrounded values, like €4.07. The really annoying thing would be when the next toll was €3.93! Why not make 'em both €4.00?

LOL Lazs! Feels weird having you here amongst us pissants. Ask SMML if you need help translating "autopista"!  :D
« Last Edit: December 05, 2002, 09:56:15 AM by beet1e »