Posted by: madkentdragon | November 4, 2011

The Euro – An Artificial Currency?


I know I’m a bit naive on these things, but I’d like some answers please!

What is the Euro? Why did European countries lose their individuality and all hold hands and take on an artificial currency?

Was it to pop across the border and pick up the fags and booze at a cheaper rate without the hassle of changing your francs or whatever into your pfennigs to do so?

Why, when there are so many different cultures did they all decide to try and be the same and only have one main European bank between them? Before you start – I know that each country has its own banks – but only one can set the currency exchange rate.

Britain kept to its own currency, and as someone who voted against the common market back in the 70s I’m relieved we did so.

You see certain countries fiddled their figures to join this “super-currency” in the first place and now have got other countries telling them what to do because their culture on tax avoidance is so much different to some of the other countries in this artificial euro-zone.

Did they all think that together they could take on the world because this currency would go from strength to strength – did they not look at the possibility of some countries overspending?

I’m old enough to remember when our pound was devalued in 1967, it didn’t seem to affect my spending power much – although as a young mum
with 2 babies I wasn’t that aware but I still seemed to be able to make my housekeeping last the week.

So now, unless the whole euro zone devalues, none can and what keeps some countries strong is making others extremely week; what’s going to happen to them? The stronger countries are now stalling or disagreeing on some of the methods – but all are saying to the ones who are in need of funds “This is what you should do” – is this becoming less of a continent with several countries and more of a dominance of the richer ones over the poorer ones until they become satellites?

On the other hand if the drachma, lire and peseta make a comeback – where does that leave the rest of the euro zone?

And most importantly to me – how does it affect British Sterling?

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Responses

  1. I was born a little after you, and my biggest gripe is I’ve never been asked whether I want to be in the EEC, EC, EU or Euro. It’s the lack of democracy and democratic accountability that really gets my goat. One day, the citizens of Britain will take it back, and it may involve politicians being introduced to sharp pointy bits of metal, if they aren’t careful. The Euro has failed and is collapsing as we watch, but let’s just hope that any future moves involve asking us what we want before europhiles force us into a closer union.

    • How I agree with you, it seems the government either think we are not capable of deciding for ourselves or are too frightened we will shout “We’re British, get us out of here!”


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