Is the EURO going down?
Posted 3/1/10
Greece can't pay its debts. So the EU, especially Germany, is wondering what to do. I hadn't thought too much about this and didn't think that it was a big deal. But then I read this article that claims that without precise actions the "euro may not survive." The article also mentions that even if the Greek crisis is dealt with that is only the beginning of the problem because there is a lot of debt in other countries, especially Spain, as well. So, please tell me how you see this difficult time in Europe playing itself out.

http://www.businessweek.com/news/2010-02-28/euro-may-not-survive-greece-s-deficit-crisis-soros-says.html
Posted 3/5/10
Let's thow them out of the EU.
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46 / M / Chapel Hill, N.C
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Posted 3/6/10
Maybe the'll go back to their old currency. Which may not be a bad thing for American tourists for the Dollar could be stronger again. I've only been to Europe once (a vacation to Portugal with my mother) since the Euro was introduced.
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Posted 3/6/10 , edited 3/6/10
They probably be kicked out of EU..... Now Please don't confuse EU with Europe:

and Euro will probably drop some in value as a result.
Aeriya 
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Posted 3/6/10

rabbitofcaerbannog wrote:

Maybe the'll go back to their old currency. Which may not be a bad thing for American tourists for the Dollar could be stronger again. I've only been to Europe once (a vacation to Portugal with my mother) since the Euro was introduced.


Sure it would be an advantage to tourists, but wouldn't you feel bad, at the cost of another country for your own spending pleasure of visiting those countries? When they're most likely going to suffer because of this?
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46 / M / Chapel Hill, N.C
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Posted 3/7/10
Tourism does give a country money. It depends on how their goverment is willing to use it. Two years ago, I went on a vacation to Peru, which is a third world country. Its a beautiful place, but corruption has also given it a lot of poverty. You drive past lots of little shantytowns, some of those adobe homes even get abandoned. Theres also a lot of beggers on the streets. Yet instead of giving them money (which they would use to buy booze and cigaretts), me and several other people in my tour group gave them fruits and other edible goods that we bought at a local market.
Posted 3/7/10
I dunno, maybe. Just have to wait & see.
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27 / M / IDAHO, USA
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Posted 3/7/10
The euro isn't going to go down, in fact it benefits other EU countries given the weak currency (that raises exportations ), and they won't cast the Greece away either. In fact, you can find solutions to help other countries without sustaining their debts (Spain, Ireland, and so on) by buying their obligations instead of using free market
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Posted 3/20/10

Crille wrote:

They probably be kicked out of EU..... Now Please don't confuse EU with Europe


I won't :3


I think Greece going back to its former currency may be the best idea though... not as drastic as kicking them outta the union.
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Posted 3/20/10
EU is already in a bad state as it is now.

So it's not unlikely for the euro to go down a little bit.

It's their own damn fault anyway, for accepting too many countries that simply are not "qualified" enough to join the EU and maintain it.
So that's why they decided to stop "growing" and settle down for at least 5 years to fix the problems, new and old.

But that is already too late. What a shame, eh?

Why? Now the EU are not allowed to "kick out" other countries that they've already acknowledged so that's why they want to legalise the Lissabon "law". It's basically a law allowing them to kick other countries out if they are not up to certain requirements. But the stupid thing is that the Lissabon was requested earlier but denied.. Now they regret that and want to bring it back with some major (minor) changes in the law...

Just like a bunch of dogs chasing cars... they don't know what to do with it after they catch them..
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