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My German mates dislike the euro, they call it teuro (teuer is expensive in German) because all the prices rised.
Exactly! It was difficult to handle in the first years because the money seemed worth half of what it used to be. Me and everybody I know was suddenly always spending too much everywhere.
Exactly! It was difficult to handle in the first years because the money seemed worth half of what it used to be. Me and everybody I know was suddenly always spending too much everywhere.
Lol, I nearly cried when I saw my first paycheck, it was less then half as 1 euro was 2.2 guilders.
And indeed, a lot of people spend way too much money as everything seemed so cheap.
We were all very excited about the Euro, ran to the bank to see how it looks like and get some and then the big disappointment. And years of cussing it out. I think it took us several years to get used to it.
Euro has been destructive for southern EUrope for several reasons. First of the idea of European Union was a project to mainly allow countries like Germany and its doggy France to have their companies to expand into other countries, ruining local production, all in return for the so-called "European cohesion funds". The Euro was introduced as way to borrow cheap money, being a strong currency. Who were the lenders? German banks. So when some countries had to default, should they not have repaid the loans, it would have been German banks who would have had a hard time. In fact, the bailouts were not intended to save defaulting countries, but rather the creditors. Germany gave money to Greece who will use to repay its debt to Germany. Good Job Merkel!
Southern countries, using a collaborative currency, were unable to devalue their currency to face just like the US did recently by example. Now Berlin tells everyone else what is ok and not ok to do. Because the EU is everything but a democracy. The constitution was adopted against popular plebiscite. Many key decision-makers in Brussels are appointed using unclear policies.
While there is no denying Southern countries have their share of responsibilities in the current crisis, Germany has now achieved with bankers where Hitler failed with tanks 50 years ago.
Euro has been destructive for southern EUrope for several reasons. First of the idea of European Union was a project to mainly allow countries like Germany and its doggy France to have their companies to expand into other countries, ruining local production, all in return for the so-called "European cohesion funds". The Euro was introduced as way to borrow cheap money, being a strong currency. Who were the lenders? German banks. So when some countries had to default, should they not have repaid the loans, it would have been German banks who would have had a hard time. In fact, the bailouts were not intended to save defaulting countries, but rather the creditors. Germany gave money to Greece who will use to repay its debt to Germany. Good Job Merkel!
Southern countries, using a collaborative currency, were unable to devalue their currency to face just like the US did recently by example. Now Berlin tells everyone else what is ok and not ok to do. Because the EU is everything but a democracy. The constitution was adopted against popular plebiscite. Many key decision-makers in Brussels are appointed using unclear policies.
While there is no denying Southern countries have their share of responsibilities in the current crisis, Germany has now achieved with bankers where Hitler failed with tanks 50 years ago.
That makes sense. Thanks for educating us!
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