overthere Posted June 5, 2014 Report Posted June 5, 2014 Such a difficult concept for Americans to understand when they can't understand the common good to begin with. Screw the other states even though they are part of what they call a country. It's a country for war making and little else. The creation and existence of the EU has absolutely nothing to do with the common good of humanity. The benefits of membership in the EU are reserved for members. Why do you permit your hatred of America to warp your perspective so often? Quote Science too hard for you? Try religion!
monty16 Posted June 5, 2014 Report Posted June 5, 2014 It's not a hatred of America, it's a hatred of US foreign policy. And so as I said, the US can't understand the common good for humanity, it can only understand the good of individual states regardless of the costs to the good of their country. Hating (if you like), is clearly justified by the US track record of the last 25 years since the Soviet Union hasn't been a force to neutralize US aggression. Russia is now stepping back up to do the job. The people of Syria and Iran are likely quite safe now because of Russia's and China's influence. You can't wish those facts away or try to discredit the truth by your accusations of hate. Quote
-TSS- Posted June 5, 2014 Report Posted June 5, 2014 A country like Finland which is very dependant on export-earnings was very foolish to adopt the euro. Sweden, a similar export-driven economy, was much wiser in this sense and kept their national currency. If there is no alternative of devaluing the currency then something else will have to give in order to maintain competitiveness. That something else is usually employment. It is worth a mention that the euro has been subject to a referendum in two countries: Sweden and Denmark. Both of them soundly rejected it. In other countries there have been referenda on treaties which include the use of the euro but a direct question on the curency has been placed only in Sweden and Denmark. Quote
overthere Posted June 6, 2014 Report Posted June 6, 2014 A country like Finland which is very dependant on export-earnings was very foolish to adopt the euro. Sweden, a similar export-driven economy, was much wiser in this sense and kept their national currency. If there is no alternative of devaluing the currency then something else will have to give in order to maintain competitiveness. That something else is usually employment. It is worth a mention that the euro has been subject to a referendum in two countries: Sweden and Denmark. Both of them soundly rejected it. In other countries there have been referenda on treaties which include the use of the euro but a direct question on the curency has been placed only in Sweden and Denmark. Dunno about Finland, but Germany- the wealthiest Eurpean economy and a major exporter- would be devastated if the Euro was abandoned. Its pretty easy to see why....The Euro is valued moderately worldwide and it is very much in Germanys interest to keep the value moderate and stable. If the Euro collapsed and Germany reverted to the deutschmark, that currency would be very valuable overnight, which would mean German export goods would be massively expensive- and good bye German economy. It is far less expensive for Germany to prop up the relentlessly idiotic Greek state than to enable the collapse of their own economy. Denmark is involved in the process to adopt the Euro in the next couple of years. Quote Science too hard for you? Try religion!
-TSS- Posted June 6, 2014 Report Posted June 6, 2014 Indeed Germany is the only country in Europe for whom the Euro is not too strong a currency. The euro was a political project to begin with more than an economic one. The apparent grievances of many countries joining the euro were overlooked because it was politically important to introduce the currency in as many countries as possible. Of course reverting to the old currencies now would help none of the euro-crisi countries, otherwise they would have done so long ago. If Greece reverted to the drachma their currency would not be worth the paper it is printed on, no matter what it is printed on. Greece, Cyprus and most recently Slovenia are manageable from the point of view of the euro but if Spain or, God forbid, Italy run into similar troubles as Greece is in now it would be a catastrophe. Denmark is involved in the process to adopt the Euro in the next couple of years. Wanna bet about this? Given all the bail out-packages the so-called old EU-countries, Sweden, Denmark and the UK have been vindicated in their decision to stay out. Quote
GostHacked Posted June 7, 2014 Report Posted June 7, 2014 What is the deal with the UK being one of the biggest supporters/proponents of the EU and the Euro. Instead the UK kept the pound. That does not sound right to me. Quote
-TSS- Posted June 7, 2014 Report Posted June 7, 2014 The euro has been a cause of chaos for the EU. According to many conspiracy-theorists however this was the plan from the outset. Another thing which may even have longer term consequences as a cause of chaos has been the creation of the Schengen-area. It goes without saying that if you create a zone of freedom of movement in an area where the differences of wealth are enormous it is bound to lead to migration of millions of people. In many Eastern-European countries the average wage is lower than the level of unemployment benefits in many Western-European countries. Just imagine what would happen if the US and Mexico had a similar arrangement. That is practically what is happening in Europe because of Schengen. Another sly plan of the federalists to create chaos and destroy the cohesion within the nation-states. Quote
overthere Posted June 8, 2014 Report Posted June 8, 2014 Indeed Germany is the only country in Europe for whom the Euro is not too strong a currency. The euro was a political project to begin with more than an economic one. The apparent grievances of many countries joining the euro were overlooked because it was politically important to introduce the currency in as many countries as possible. Of course reverting to the old currencies now would help none of the euro-crisi countries, otherwise they would have done so long ago. If Greece reverted to the drachma their currency would not be worth the paper it is printed on, no matter what it is printed on. Greece, Cyprus and most recently Slovenia are manageable from the point of view of the euro but if Spain or, God forbid, Italy run into similar troubles as Greece is in now it would be a catastrophe. Wanna bet about this? Given all the bail out-packages the so-called old EU-countries, Sweden, Denmark and the UK have been vindicated in their decision to stay out. But Denmark is effectively already using the Euro, since their currency is required to be in lockstep with Euro valuations: Since 1 January 1999, the krone has been part of the ERM II mechanism, under which it is required to trade within 2.25% either side of a specified rate of 1 euro equal to 7.46038 kroner (making the lower rate 7.29252 and the upper rate 7.62824).[3] This band, 2.25%, is narrower than the 15% band used for most ERM II members. However, the exchange rate has kept within 0.5% of the defined rate, even less than the set limits.[4] The independence of the Danish central bank is therefore limited in practice. I agree about Spain and Italy being far more important than smallish economies like Greece and Portugal, and made this point earlier. Quote Science too hard for you? Try religion!
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