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I wonder... "the banks" might not like the idea of the Euro, because a common currency eliminates the currency exchange business... how much does this affect th
by D_Alex 11y ago
I wonder... "the banks" might not like the idea of the Euro, because a common currency eliminates the currency exchange business... how much does this affect their propaganda??
- lispm 11y agoJust look what Europe would be without the Euro. We had that before. West Germany had the Deutsche Mark (DM). It was basically the anchor currency for most European countries. Germany changed it monetary politics? Everybody tried to follow. It was like the Euro, just with different currencies and a pact to keep the exchange rates stable. Main difference: the monetary policy was made by the German Bundesbank and not the ECB. Though both are in Frankfurt/Germany, the ECB is an European institution.
- aliem 11y agoI don't see much of a difference. The only difference is the name and the very big constrains on the countries adhering to the union. I would be for an union if the european countries were like the USA: very close to each other both in language and culture.