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Questions tagged [euro]

Questions relating to the official currency of the eurozone

10
votes
2answers
407 views

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 ...
33
votes
5answers
10k views

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 ...
9
votes
2answers
455 views

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 ...
6
votes
2answers
262 views

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: ...
3
votes
2answers
262 views

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 ...
3
votes
0answers
108 views

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 ...
8
votes
1answer
682 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 ...
6
votes
1answer
408 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 ...
18
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1answer
2k views

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 ...
10
votes
4answers
1k 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
votes
1answer
124 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 ...
16
votes
3answers
1k 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, ...
5
votes
3answers
485 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 ...
13
votes
4answers
437 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 ...
5
votes
3answers
1k views

Monetary policy: why does the dollar work for the US, but the Euro doesn't for the EU

Why does Europe 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 little ...
3
votes
3answers
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 ...
6
votes
1answer
319 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 ...
13
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2answers
355 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