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What else would they denominate their mortgages in? Their respective national currencies were abolished after the introduction of the Euro. Although it could b
by tedeh 9y ago
What else would they denominate their mortgages in? Their respective national currencies were abolished after the introduction of the Euro.
Although it could be argued that joining the EMU may not have been their best interest in the first place, but that is the fault of their politicians, rather than the banks.
- intrasight 9y agoThere was a gap beween the Euro being created and the elimination of local currencies.
- FabHK 9y agoYes, but during that time the exchange rate between Euro and legacy currencies was fixed.