3 ms·
Yes, there are Greece, Italy, Ireland, Portugal and Spain (where Greece still is the only really serious problem), but on the other hand there are a lot of stro
by tete 15y ago
Yes, there are Greece, Italy, Ireland, Portugal and Spain (where Greece still is the only really serious problem), but on the other hand there are a lot of strong/rich countries that are part of the EU and the Eurozone. There are Germany, France, Austria, Belgium, Netherlands and Finland, Estonia and really awesome ones like Luxemburg. The rest to my knowledge is doing fine.
In the mean there isn't a big difference to any other strong currency, like the US who comparatively has a much bigger problem and already had it for a long time.
The only thing that Europe lacks compared to the US is something like strict rules and sharing debts. A finance minister (or something similar) and Eurobonds would fix that.
Besides that it's really not like the Euro isn't worth a lot. Some years ago when the EUR/USD exchange what way lower everyone complained about the Euro being too strong and therefor causes export problems (low income). Now it is still way higher than that and everyone says the Euro is at its end.
Besides that the US as well as China devalue their currencies by printing -hardcore- and still have a lot more trust. Why?