Euro
This summary is based on the class presentation on the new currency of the Euro. Although, very nerves the class presentation on the Euro was very educational. The change in currency between eleven countries with Denmark, Greece, Sweden, and United Kingdom to follow is hard to grasp. There are many benefits that will come from this change that people have to realize. Change is something not everyone can enjoy. With this change in the world’s outlook on money, many benefits will be noticeable. The biggest benefit has to be the exchange rate between two countries. This will make trade and loans to other countries easier to run smoother. Strengthens the single market, to help people make more and spend less. People who live near bo . . .
Greece would join but their inflation in the 80’s was so high that they can’t right now. Which brings the next question, will there be a South American or North American dollar in the next twenty years? . They feel if they join the will lose a lot of money. United Kingdom has a story, if they join its most likely because they were forced to. All countries with good economic status didn’t want any part of it. Since then eleven countries have joined the Euro market, with others looking in. These are all reasons why United Kingdom will be the last country to join the Euro. The Euro could some day in our life time be the European dollar. Travelling will be much easier for consumers around Europe as well. They don’t have to exchange their money to go to a store a block or two away, saves money and time. The low economic countries will see a big bushed to improve there status in the world. To get the Euro into the country the countries inflation must be 2. Euros will help promote convergence of national economics around Europe. After nine years they put the Euro into effect on January 1, 1999 with the financial markets switching over.
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