Future of the €, if any.

• Guest 698

  • Registered: 28 May 2010
  • Posts: 8,664
  2 March 2016     13:45311308
  #1      
  An American, and therefore somewhat more independent view.
  http://www.moneyandmarkets.com/kiss-euro-goodbye-76294?ccode=03012016MAM3455MAM&em=&sc=&ec=
  I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  2 March 2016     14:58311311
  #2      
  The Euro was never a well thought out idea and its inflexibility made it unworkable. I was reading the other day about Finland which I always thought was one of the most successful economies but for various different reasons including one of their biggest exports - paper, not being used as it once was before the digital age. If they had kept their own currency they could have devalued to help their exports.
• Guest 698

  • Registered: 28 May 2010
  • Posts: 8,664
  2 March 2016     15:38311318
  #3      
  And who remembers the market dominance of Nokia?
  I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
• Reginald Barrington

  • Location: Dover
  • Registered: 17 Dec 2014
  • Posts: 3,261
  2 March 2016     16:06311322
  #4      
  Didn't they make bricks in the 90's
  Arte et Marte
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  2 March 2016     16:29311324
  #5      
  The failure of Nokia to keep up with the times damaged their economy badly.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  2 March 2016     19:02311329
  #6      
  Here is the article on Finland, very dangerous to rely so much on one business.
  
  
  http://www.bbc.co.uk/news/business-35656150
• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  2 March 2016     19:10311330
  #7      
  the alternative question is what is the future of the pound £.has it got a future any more.
• Guest 698

  • Registered: 28 May 2010
  • Posts: 8,664
  2 March 2016     20:55311338
  #8      
  Yes it does because our economy is much better managed than the EU's. The euro is the Deutschmark in all but name with fiscal and monetary policy being dictated by Germany. Weaker economies can't tolerate German policy disciplines so something has to give. In a sensible world weaker economies can raise interest rates and/or devalue their currencies to remain competitive but the PIGS countries can't so prolonged depression in those countries is inevitable.
  I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  2 March 2016     21:47311343
  #9      
  Even more sensible when all these different countries in Europe with their own values in life decide what they want for themselves, not just a question of currency devaluation or interest rates but cultural differences.