Using the Euro protects the currency holder from exchange rate fluctuations that occur when you have your own currency. All European countries use the same market. This is why they agreed on the Euro. Everyone got fed up with walking in and experiencing a loss of purchasing power because their currency was shot for the day or the week. Again, no SOVEREIGNTY ISSUE!
States that exceed the 3 percent deficit limit begin to borrow and dilute their share of the euro, thus causing the value of the currency to drop. There are two zones in the EU. The Eurozone, of which the PIIGS are part of, and the non-euro. The second zone has its own currency; can devaluate it; and can borrow to their heart's content. That's why Britain, a non-Euro user, kept the pound. They can do with it whatever they want. IT IS NOT A SOVERIGNTY ISSUE.
It comes from George Soros, he funded his 767 during the campaign.
ad2181 2 years ago
Using the Euro protects the currency holder from exchange rate fluctuations that occur when you have your own currency. All European countries use the same market. This is why they agreed on the Euro. Everyone got fed up with walking in and experiencing a loss of purchasing power because their currency was shot for the day or the week. Again, no SOVEREIGNTY ISSUE!
motelcalifornia 2 years ago
So what happens when a country wants to leave the eurozone?
azezel2311 2 years ago
States that exceed the 3 percent deficit limit begin to borrow and dilute their share of the euro, thus causing the value of the currency to drop. There are two zones in the EU. The Eurozone, of which the PIIGS are part of, and the non-euro. The second zone has its own currency; can devaluate it; and can borrow to their heart's content. That's why Britain, a non-Euro user, kept the pound. They can do with it whatever they want. IT IS NOT A SOVERIGNTY ISSUE.
motelcalifornia 2 years ago
watch out jeff and john! these guys are great!!!!
todkink 2 years ago 2
London does run US.
batflies 2 years ago
layoffs
layoffs
layoffs
that's all we hear about. That's all people are talking about.
Leandra Bernstein and Mathew Ogden do a great job. They make a good team.
good for Keisha supporting NASA. NASA is such a part of USA.
LaRouche has empowered so many young people.
"There is no success without a successor"
God bless him.
VoIPpoetry 2 years ago