Timeline for Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?
Current License: CC BY-SA 4.0
15 events
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| Jul 30, 2021 at 19:54 | history | edited | Jens | CC BY-SA 4.0 |
Correct typos.
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| Jun 21, 2020 at 19:02 | comment | added | NoSenseEtAl | @o.m "countries which default on their debt tend to have a hard time getting new money" good, I see no reason why governments that are untrustworthy should get loans, and also for Greece it would be a relief since they would not need to pay the existing loans back. | |
| Jun 21, 2020 at 18:22 | comment | added | o.m. | @NoSenseEtAl, countries which default on their debt tend to have a hard time getting new money, see Argentina. Turning the debt that was due into long-term, extremely low interest loans from the rest of Europe sounds like a better option than that. | |
| Jun 21, 2020 at 17:09 | comment | added | NoSenseEtAl | downvoted for Greece interpretation: it was a bailout of banks not of Greece. Greece could have just defaulted and stayed in EU. | |
| Jun 21, 2020 at 7:49 | comment | added | user16741 | @Lag i know the theory - I also know that local markets are often a second thought when there is a premium export market available. If the supplier can make more money exporting then they will. Single currency makes that easier. | |
| Jun 21, 2020 at 7:43 | comment | added | Lag | @Moo Tthe point is about price elasticity of demand - how demand changes with price. We might sell fewer carrots at €1.50 and that might be suboptimal. One might sell carrots at less than €1.50 in Poland because it is either optimal in itself or across the supermarket for carrots to be less than €1.50. | |
| Jun 20, 2020 at 22:40 | comment | added | user16741 | @Lag they might not have the choice - here in NZ we grow kiwi fruit, which are exported world wide. However, those same exported kiwi fruit can trivially be found cheaper in the destination countries than they can here in NZ - and invariably, kiwi fruit for domestic sale is of lower quality than that which is exported. We dont have the choice but to pay the retail price if you need to buy one (although a lot of people grow their own produce here as a result). | |
| Jun 20, 2020 at 4:42 | history | edited | o.m. | CC BY-SA 4.0 |
edited body
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| Jun 19, 2020 at 22:53 | comment | added | Criticizing Israel not allowed | @o.m. I think what you mean is: Shops just next to Germany will make their prices match the German prices and German people will come across the border to buy things. This will help Poland to get more money, but it will hurt Polish people who can't afford the prices now. (Shops don't change prices to match other shops "just because", there has to be a reason for it) | |
| Jun 19, 2020 at 20:09 | comment | added | CGCampbell | Too small an edit: "Poland will no longer be able to devalue the own currency on the markets at need." Perhaps "its own"? | |
| Jun 19, 2020 at 19:01 | comment | added | Lag | @o.m. "If a kg of carrots are €1.50 in Germany, why sell them for less in Poland?" Polish people might not buy them at €1.50 /kg. | |
| Jun 19, 2020 at 19:00 | comment | added | musialmi | It is visible also in two different curriencies. So the same currency would change very little in my opinion. What is more, even if it had a significant impact, a Polish seller can sell carrots in Germany, a German client can buy them in Poland. But it won't happen on such a huge scale, because it can happen now without major problems anyway. I carry on not understanding. | |
| Jun 19, 2020 at 18:14 | comment | added | o.m. | @musialmi, because they're much higher just across the border and the same currency would make that visible. If a kg of carrots are €1.50 in Germany, why sell them for less in Poland? | |
| Jun 19, 2020 at 16:39 | comment | added | musialmi | Why would prices go up if the cost of producing a good remained the same? I'm referring to the last paragraph. | |
| Jun 19, 2020 at 16:19 | history | answered | o.m. | CC BY-SA 4.0 |