Questions tagged [euro]
Questions relating to the official currency of the euro area.
26 questions
7
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0
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What were the repercussions of Saddam Hussein's Iraq switching from USD to EUR in 2000?
In 2000, Saddam Hussein switched to selling petroleum in Euros. At that time it was considered an financially unwise decision, but later it was reported to have won Iraq handsome profits.
How exactly ...
- 1,303
30
votes
7
answers
4k
views
Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?
I think this is a question of both economics and politics, but I decided to ask it here.
There will soon be elections in Poland. There was a debate about this question: should Poland keep the złoty (...
- 417
9
votes
1
answer
392
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Who limits the euro issued in each eurozone country?
In my understanding each member of eurozone prints their own euro. How was it decided how much euro will be printed by each country per year?
Also, for weak eurozone countries, what is preventing ...
- 411
18
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4
answers
2k
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Why is the SNP putting so much emphasis on currency plans?
The SNP (Scottish National Party) have made a big thing during their conference this weekend about their plans for their currency should they gain independence from the UK. However, their current key ...
- 962
15
votes
2
answers
827
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Why is the EU not happy with the euro usage in Montenegro
According to Wikipedia, the ECB and the European Commission are unhappy about the usage of the Euro as the national currency of Montenegro.
The European Commission and the ECB have since voiced ...
- 671
4
votes
1
answer
212
views
Were the UK opt-outs of the Euro and Schengen enacted via the Ordinary Legislative Procedure?
Were the UK opt-outs of Schengen and the Euro legislatively enacted via the Ordinary Legislative Procedure or by treaty negotiation at the Council level?
- 10.4k
11
votes
2
answers
938
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Why do Europeans pay for European products with US Dollar?
In Jean-Claude Juncker's most recent speech on the state of the European Union, there is this perplexing passage:
It is absurd that Europe pays for 80% of its energy import bill – worth 300
...
- 288
32
votes
5
answers
11k
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If the eurozone budget deficit limit is 3%, why is the European Commission telling Italy it must revise its 2.4% deficit budget?
The BBC reports that the European Commission has told Italy to revise its budget, saying that the draft presents particularly serious non-compliance with Eurozone rules. Yet the maximum permitted ...
- 49.3k
13
votes
2
answers
1k
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Is there any indication that the Euro rate is being politically manipulated?
In a recent (August 20, 2018) interview for Reuters about international politics, the president of the United States of America Donald J. Trump stated (emphasis mine):
ON CHINA AND EUROPEAN UNION ...
- 7,064
9
votes
2
answers
560
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Can an EU member officially give up pursuing Euro/Eurozone?
I often see/hear in the media about joining Eurozone in my country (Romania). AFAIK criteria for joining this zone are mostly technical, namely convergence criteria which mostly seem to be related to: ...
- 53.5k
2
votes
2
answers
312
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Given that there isn't a fiscal union in the EU, why would the Greek crisis threaten other Eurozone members?
Here in Czech Republic politicians often claim that we cannot accept the Euro until 'the situation in Greece and other problematic Eurozone countries is resolved'. But given that joining the Euro ...
- 51.2k
3
votes
0
answers
142
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Why is it so important for a non-EUR EU member to adopt EUR currency? [duplicate]
I live in a non-EUR EU member (Romania) and I keep hearing for several years about the aim for EUR adoption. Technically, there are several criteria (EUR convergence criteria) that must be met in ...
- 53.5k
11
votes
3
answers
1k
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Why did the EU not unify the financial systems when the Euro was created?
It could be argued that many of the problems plaguing the EU in the recent years stem from a lack of integration among the various countries in the union.
These missing "integration points" include, ...
- 6,745
8
votes
1
answer
1k
views
Why wasn't Greece kicked out of the Euro once it was clear that they falsified their statistics to join in the first place?
The EU knew back in 2004 that Greece lied about their economic success in order to join the Euro.
So why didn't the Eurocomission reevaluate their original bid and kick them out of the Euro? Did ...
- 51.2k
4
votes
1
answer
688
views
Why does the EU allow members to use the ERM II loophole in order to avoid adopting the euro?
Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Sweden are currently the EU states which are obliged to adopt the Euro, but haven't done so yet. The reason why those states are able to ...
- 51.2k
20
votes
1
answer
3k
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Why do the Dutch Euro coins have a religious inscription on their edge?
The euro coins for 1 and 2 euros allow for an inscription on the edge of the coin. Each country is allowed to use an inscription of their choosing.
(Euro coins allow for a national side as well, for ...
- 2,438
8
votes
2
answers
249
views
Eurozone countries surpassing their allowable deficit of 3% GDP
What happens when a eurozone country breaks EU fiscal rules that limit the allowable deficit to 3% of GDP?
- 380
11
votes
4
answers
2k
views
Under EU law, can Scotland remain or be re-admitted to the EU after Brexit while still a part of the UK?
Newspaper reports yesterday said that the Scottish First Minister and leader of the Scottish National Party, Nicola Sturgeon, had lobbied EU members to support Scotland's remain bid.
After Scotland ...
- 2,745
2
votes
1
answer
166
views
Does the EU frequently review their members to see if they consistently meet the initial criteria?
Does the EU conduct frequent reviews on the economic and political condition of their members to stay? If a current member of the European Union drastically changes economically or politically, and no ...
- 2,993
17
votes
3
answers
3k
views
Why was having a common currency in the EU seen as necessary?
When it was introduced, the € (Euro) was supposed to be the common currency for the entire EU, even if it turned out many countries (such as the UK) would stay in the EU without using the € currency, ...
- 7,391
5
votes
3
answers
600
views
Would it be an advantage for Greece to solve the financial crisis by leaving the euro?
Would it be an advantage for Greece to solve the financial crisis by leaving the euro?
Wouldn't be another way of shaping policy more helpful, like kind of a marshall plan instead of austerity?
Next ...
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16
votes
4
answers
550
views
Why is the German government now in favour of the possibility of Greece leaving the eurozone?
When German chancellor Merkel and others in her party recently said they would be “open” to Greece withdrawing from the euro and introducing a new currency, I remembered how strictly they refused it ...
- 419
2
votes
4
answers
2k
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Monetary policy: why does the dollar work for the US, but the Euro doesn't for the EU? [closed]
Why does the European Union have so many problems with its currency? The US also has a currency that covers lots of different states, some as strong as California or NY, others on the weak side, with ...
- 2,411
3
votes
3
answers
1k
views
Pros and Cons on common currencies like Euro [closed]
I thought on Euro and if it is good or not for people generally. I am pretty much puzzled, and I have only personal opinion on this topic which is:
It can be good for smaller countries, against ...
- 2,884
7
votes
1
answer
372
views
Why would Cyprus be "forced" to leave the Eurozone if it defaults?
I don't understand the statements being made that Cyprus (and before it, Greece) would be "forced" to leave the Eurozone if it defaults on its debt?
Would it be "forced" by the other Eurozone ...
- 187
11
votes
2
answers
389
views
Is it possible to leave EU but remain in Eurozone, legally?
As to this comment:
[I]s it possible to leave EU but remain in Eurozone, legally?
Thanks @DVK for the question
- 5,421