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without getting political, the main reason
Posted by Phil (more from Phil) on Mon, 15 Sep 2003 07:44:19
In Reply to: Sweden rejects the Euro, K-9, Mon, 15 Sep 2003 04:35:18
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I think that people rejected the Euro is due to the economic policy of the country would be out of their control. That in itself is a loss for both Europe and Sweden. While the Euro has its issue to deal with, it has the potential to become a major currency player, the issues that Sweden, UK and Denmark are more aware of is due to the political related shifts in the monetary policy, ie Germany, France and Portugal changing the guidelines due to fiscal and budgetary problems, hence leaving the currency succeptible to further political meadling.
The constraints for the Euro are too tight, and need to reflect more of economic situations.
But all is not lost either, the United States went through the same problems when the greenback (dollar) and the Fed system was introduced, and look at the US now.
posted by 199.67.14...
Posts in this Thread:
- Sweden rejects the Euro, K-9, Mon, 15 Sep 2003 04:35:18
- without getting political, the main reason, Phil, Mon, 15 Sep 2003 07:44:19 <-- Viewing This Message
- I wondered about this, too. Nationalism?, Jon in Chicago, Mon, 15 Sep 2003 07:23:46
- Re: Sweden rejects the Euro, Garry, Mon, 15 Sep 2003 06:45:35
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