why invent the euro?

Discussion in 'Economics' started by brokenmarkets, Dec 15, 2010.

  1. the euro was only created in 1992 after fall of communism in europe.

    the reason it was created so the europe would not go to war like world war 2 reasoning if everybody had common financial interest there would be deter war.

    in event of war fiat currencies or new regime or marshall law states. become worthless.


    funny thing is that zimbabwe doesn't have a currency,,everybody in zimbabwe uses the euro and US...totall weird...i mean the people in zimbabwe doesn't even have central bank.

    letting a foreing entity to determine countries fiscal policy or monetary policy like giving up on a countries soveriegnity..hence the riots in greece,ireland etc.
  2. Well, unified fiscal policies would help A LOT.

    It's a matter of political courage.