The problem is the proposed document is no constitution. It deals with the powers between sovereign states, where a constitution is a document laying the foundation for a sovereign state. The EU leaders thought to be smart and name the document 'constitution' to symbolize unity, but it doesn't really play out well. The Dutch are mainly against the EU constitution because they feel the EU is rushed and oppose the high per capita payments to Europe (highest in Europe). Also, some sentiment against the breach of the fiscal pact by Germany and France remain, the complexity of the document may also play some role. Turkey is not really an issue. Nononsense, you are full of crap. edit: the inflation argument is mainly based on a gasp of value. People are not used to the value of the Euro and spend Euro's like guilders. The increase of inflation by the euro (apart from some sectors) was minimal.
I had the pleasure to deal with many exceedingly distinguished Dutchmen before stumbling on this gutter-like TradingWise character. Dank Ued anyway for posting your perspicuous observation! Only chasing the bigger nonsense.
do we really even need Europe? I mean, what do they give us? BMWs, wine and sexy French maids (OK, we need the French maids). I say we send in Rumsfeld and nuke 'em. Import all the French maids to my house first! Coinz
Would they convert back at the original rates or a new value? And would Euro holders have a choice which currency they could convert back into? Would it be based on which country your Euro account is based or nationality, residence? I would guess that a lot of,say, Greek residents would prefer changing back into something stronger like the Deutschmark. Just wondering if there is actually a plan in place for this possibility.
Who knows.. Greece and Portugal are just very lucky to be in the EU as at that time EU saved them from their financial misery with the huge financial aid and subsidies..
Each country has kept itâs own central bank. Probably for the worst-case-scenario. Solidarity has its price: West Germany paid (and still pays) a huge price for the reunion with East Germany. Eastern Europe gets lots of economical support paid by the rich Western European countries. With that money they build factories to take away jobs in West Europe. Those who donât find a job in Eastern Europe or are too lazy to work, come to the West to âexportâ the wealth from the West to the East. They do that by stealing cars, robbing jewellery stores, organizing prostitution, dealing drugs or working in the West in the black circuit. No wonder extremist parties are growing fast. Solidarity can only exist if both parties make efforts and donât make abuse of their situation. All these things together create the NO votes everywhere in Europe. Our politicians didnât lose their minds; their heads were empty, and their pockets are filled.
http://news.bbc.co.uk/1/hi/business/4599681.stm A political storm has broken out in Germany over reports that the government may be distancing itself from the European single currency.
As for Portugal, a lot of EU businesses shifted into the country as wages were low as well as tax burdens. Now Poland is the new hotspot, but the former eastern bloc addition is a nice welcome, because they have in many cases double digit growth - or at least a several times the GDP growth of the larger EU members. When it comes to Greece, they have some incredible nice beaches and islands - so they are a nice welcome to anyone wanting to spend their time in a healthier climate eating the best olives in the EU - and getting your EU/EFTA social benefits with you. Economic and cultural diversity is what is fun and interesting about Europe. It sure beats having to join the modern jugend under some right-wing drum-roll propaganda machine stupidifying people outside city centers, so they can't even vote right. The nay-votes in the EU and elsewhere last year sure will have some impact also for the next months, but not something that will shake the foundations of the underlying trend or premises for developing direction. The talk of a imminent demise for the ⬠is sure absurd, as it still hasn't gotten around to shoing all it's benefits within the trading bloc, and with regards to external trade only can bee seen as a boon for the region.
Reading this thread caused some sparks go off in my brain (it doesn't happen often). Any thoughts on whether or not we will have a unified world currency? What will I trade! This thought is giving me an anxiety attack. ozzy
are you trying to start a currency panic?? I already panicked and closed my euro longs (at a huge loss), so it doesn't effect me.