Will the Euro survive?

  hssutton 10:11 09 Oct 2008

As the big players in Europe {Germany, France and Italy) cannot agree on what to do in the current financial crisis will the Euro survive?

  laurie53 10:16 09 Oct 2008


  version8 10:30 09 Oct 2008

May be the European Central Bank will have to step in to stop the Euro from falling?

  nangadef 10:30 09 Oct 2008

Gaining against the pound at the moment.

  Cymro. 11:11 09 Oct 2008

Yes it will survive and the U.K. will dump the pound and switch to using the Euro eventually and the sooner the better I say.

  hssutton 11:35 09 Oct 2008

The reason I posed the question is that I read that
The ECB is not allowed to launch bail-outs by EU law and Germany appears to going their own way.

  donki 11:53 09 Oct 2008

I thought the general trend since it was launched was that it was gaining on the pound?? Certainly seems like it when you go on holidays. :(

  Pine Man 12:09 09 Oct 2008

Couldn't agree more.

  birdface 12:18 09 Oct 2008

I thought that GB had already done that with Nothern Rock.Ect.

  Picklefactory 13:12 09 Oct 2008

I don't know much about all this stuff, but my rather uneducated worry about having the Euro (And possibly many other peoples) is seeing every single nation that has it, having prices go through the roof the instant it's in place. Like many people I holiday in Europe and I have family in Ireland, so have plenty of 1st hand experience of seeing the sudden lift in prices etc, when the change took place. We would always socialise in pubs/restaurants in Ireland with family/friends, but that is now a very rare option as it's extortionately expensive now, and the local trade is diminishing significantly. Do wages go up pro-rata to deal with this, I don't know but I doubt it. The UK, like everywhere else, is having a tough time just now, I think having the Euro here would compound issues even more.
As I say, I know far too little about the workings of this, but as a common pleb, those are my worries.

  jtt 13:30 09 Oct 2008

Funnily enough, I'm a Euro-sceptic (I prefer independence) but agree that we should some day adopt the Euro. Currencies going up and down like a yo-yo seems like a bad idea.

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