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It would be nice if everyone in Europe had the Euro, and everyone in Europe also had the same banking practices, but if you rank that possibility on a
by ido 15y ago
It would be nice if everyone in Europe had the Euro,
and everyone in Europe also had the same banking
practices, but if you rank that possibility on a
scale of 1 to 10, the scale explodes.
Even just supporting the Euro zone will already be good progress, as it covers most of the wealth in Europe.
- patrickk 15y agoWell the Euro brings it's own headaches. Just look at Greece. Also, the Euro currently has some notable big European countries excluded: UK, Switzerland, Norway, Sweden and Denmark. These countries alone had a combined GDP of almost $4trillion in 2010: http://www.wolframalpha.com/input/?i=gdp+uk+%2B+gdp+switzerland+%2B+gdp+norway+%2B+gdp+sweden+%2B+gdp+denmark http://www.wolframalpha.com/input/?i=gdp+uk+%2B+gdp+switzerl... And that doesn't even account for eastern European countries.
- rmc 15y agojust look at Greece What does this mean? We're talking about end user credit card purchases over the web, not the sovereign bond market!
- patrickk 15y agoThe post I was responding to said: "Even just supporting the Euro zone will already be good progress, as it covers most of the wealth in Europe." The point I was making was that even if Stripe supported the Eurozone countries, that could have it's own problems too. That probably wasn't too clear. The Euro could well slide massively in value versus the dollar which could impact Stripe's expansion to Europe, as there is huge uncertainty about the Euro here at the moment. I mean would you look forward to expanding to a region whose currency could actually collapse?
- rmc 15y agoThe US almost defaulted when it almost failed to raise the debt ceiling. Should people stop serving the US market because of that?