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The Euro not only survived, it thrived!

The euro not only survived 2013, it thrived...the currency even added a new member. Latvia is the 18th nation to adopt the euro, a development that might have seemed unlikely only two years ago, when many wondered if the euro would even survive.

http://www.nytimes.com/2014/01/01/business/international/with-the-new-year-the-euro-arrives-in-latvia.html?_r=0

http://www.economist.com/blogs/theworldin2014/2014/01/latvia-and-euro
Reply 1
Avatar for Padwas
Padwas
3
pounds still rule
Reply 2
Avatar for LukeM90
LukeM90
17
I do like euros though, not for any serious/business/trade reason

I just think they are "funny money" was like the plastic bank notes northern bank use to do lol
Reply 3
Avatar for Valentas
Valentas
13
Yeah right. What about relentless printing of your beloved Euro? No currencies are strong and if one goes down, so the others.
Reply 4
Avatar for Psyk
Psyk
16
Original post by LukeM90
I do like euros though, not for any serious/business/trade reason

I just think they are "funny money" was like the plastic bank notes northern bank use to do lol


Well you'll enjoy it in a couple of years when the bank of England starts issuing plastic bank notes.
Reply 5
Avatar for Rakas21
Rakas21
21
Original post by Jefferson Disk
The euro not only survived 2013, it thrived...the currency even added a new member. Latvia is the 18th nation to adopt the euro, a development that might have seemed unlikely only two years ago, when many wondered if the euro would even survive.

http://www.nytimes.com/2014/01/01/business/international/with-the-new-year-the-euro-arrives-in-latvia.html?_r=0

http://www.economist.com/blogs/theworldin2014/2014/01/latvia-and-euro


Thrive is perhaps too strong a word but it is certainly good to see that the doom mongers were proven wrong and that the Euro looks set to survive. I'm personally not convinced that Greece, Portugal and Cyprus are home and dry yet but the overall picture in the Eurozone is okay and there are further countries who will join in the future. Most positively is that Ireland paid back its bailout and 10 year bonds sold at just 3%, in addition the Spanish appear to be restructuring their economy very well towards exporting.

As Thatcher once said (and this applies to Europe) "Yes the medicine is harsh but the patient requires it in order to live".

I'm still concerned about the lack of common debt which could cause problems again the next time recession strikes. Of course the German aim is to make every state in the Eurozone like them economically so perhaps they'll ride the next crisis out.

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