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slothrop
Joined: 03 Feb 2003
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 Posted: Wed Mar 27, 2013 7:17 am Post subject: |
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Last edited by slothrop on Mon Jun 10, 2013 7:13 pm; edited 1 time in total |
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akcrono
Joined: 11 Mar 2010
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| Posted: Wed Mar 27, 2013 9:26 pm Post subject: |
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| bucheon bum wrote: |
I think you mean the euro was supposed to allow money to freely move between countries. People were allowed to move between countries prior to the euro's creation.
Runaway financial markets? Huh? Please elaborate. And the only irresponsible fisical policy was in Greece. Spain, Portugal, and Italy haven't had poor fiscal policies; in fact the first two have been quite good in following orthodox fiscal policy. They're getting screwed over because they're tied to the euro and their lack of control over their monetary policy (due to them being a part of the euro). |
The Eurozone itself was supposed to allow for Europeans to move freely between countries. The Euro was created in large part to help facilitate this.
Cyprus is the runaway financial market, which invested heavily in Greece (and it's high interest rates). Since it's financial sector was way out of proportion with the rest of it's economy, that alone was enough to cause a crisis.
The Euro was a nice idea, that doesn't mean it was the right thing to do. |
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Thu Mar 28, 2013 5:39 am Post subject: |
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| akcrono wrote: |
| bucheon bum wrote: |
I think you mean the euro was supposed to allow money to freely move between countries. People were allowed to move between countries prior to the euro's creation.
Runaway financial markets? Huh? Please elaborate. And the only irresponsible fisical policy was in Greece. Spain, Portugal, and Italy haven't had poor fiscal policies; in fact the first two have been quite good in following orthodox fiscal policy. They're getting screwed over because they're tied to the euro and their lack of control over their monetary policy (due to them being a part of the euro). |
The Eurozone itself was supposed to allow for Europeans to move freely between countries. The Euro was created in large part to help facilitate this.
Cyprus is the runaway financial market, which invested heavily in Greece (and it's high interest rates). Since it's financial sector was way out of proportion with the rest of it's economy, that alone was enough to cause a crisis.
The Euro was a nice idea, that doesn't mean it was the right thing to do. |
Not to quibble but:
1. Why not just call it the EU instead of Eurozone? Since Danes can freely go anywhere w/in the EU and they don't use the Euro.
2. Its, not it's. |
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akcrono
Joined: 11 Mar 2010
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| Posted: Thu Mar 28, 2013 10:32 pm Post subject: |
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| bucheon bum wrote: |
Not to quibble but:
1. Why not just call it the EU instead of Eurozone? Since Danes can freely go anywhere w/in the EU and they don't use the Euro.
2. Its, not it's. |
1. I believe the EU is the laws and the countries who signed them, whereas the zone is the actual area in which the laws are in effect. Might be wrong, but I'm used to reading "Eurozone" as the area and the EU as the countries as a government entity.
2. That's one of the only grammar mistakes I make on a regular basis. I don't mind getting called on it, but it's not a bid deal. |
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GF
Joined: 26 Sep 2012
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| Posted: Fri Mar 29, 2013 4:26 am Post subject: |
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| Why not say "Europe" ? |
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Deja
Joined: 18 Mar 2011
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| Posted: Fri Mar 29, 2013 4:29 am Post subject: |
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EU = 27 members, many things in common, much better coordination than in EZ
EZ = Eurozone (countries that use the Euro). Quite uncoordinated  Hence the problems  |
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