Wednesday, October 2, 2013

Euro

The Euro is the main currency in many countries across Europe. Launched in January of 1999, it has had much success, with around 330 million people using as their main currency. Countries using the Euro are: Belgium, Germany, Ireland, Spain, France, Italy, Luxembourg, the Netherlands, Austria, Portugal, Finland, Slovenia, Cyprus, Malta, Slovakia, and Estonia. While this may seem like a long list, there is still quite a few countries using their own currency. Such as the United Kingdom and Switzerland. Switzerland of course opted out of using the Euro as to remain neutral, as they always have. The current state of the Euro is very bad indeed. The Euro is diminishing and countries all around Europe are looking to Germany, but why? Germany is the strongest economy in the Euro-zone and has already bailed out Greece. With all eyes looking to Germany, the odds may not turn out well. "Such an effort would require Germany and several other countries to accept short- and medium-term redistribution in its long-term interest, he added, "a classic example of solidarity". (http://www.theguardian.com/world/2013/apr/28/german-role-euro-crisis-disaster)
Thoughts?


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