16 May 10
1 edit
Originally posted by PalynkaThe Germans don't think so.
Chastised for being over-valued a few months ago and chastised now for its recent depreciation, it seems the Euro cannot win. Despite the relentless doom-saying of the anglophone press and American intelligentsia, the Euro is alive and well.
Welcome Estonia!
http://www.telegraph.co.uk/news/worldnews/europe/germany/7729082/Germans-turn-against-the-EU-as-eurozone-meltdown-heaps-misery-on-Angela-Merkel.html
16 May 10
Originally posted by PalynkaJoining the EU right now is akin to getting the last tickets to the Titanic.
Chastised for being over-valued a few months ago and chastised now for its recent depreciation, it seems the Euro cannot win. Despite the relentless doom-saying of the anglophone press and American intelligentsia, the Euro is alive and well.
Yet another country is about to join in a few months and European countries keep to their path of cooperation. The caravan rolls on.
Welcome Estonia!
08 Jun 10
1 edit
Originally posted by Palynkawoo hoo!
Chastised for being over-valued a few months ago and chastised now for its recent depreciation, it seems the Euro cannot win. Despite the relentless doom-saying of the anglophone press and American intelligentsia, the Euro is alive and well.
Yet another country is about to join in a few months and European countries keep to their path of cooperation. The caravan rolls on.
Welcome Estonia!
wikipedia:
Area
- Total 45,228 km2 (132nd2)
17,413 sq mi
- Water (% ) 4.45%
Population
- 2010 estimate 1,340,021[2] (151st)
- 2000 census 1,370,052[3]
08 Jun 10
Originally posted by no1marauderJoining the EU and the Euro is two different things (Euro countries being a prober subset of EU countries).
Joining the EU right now is akin to getting the last tickets to the Titanic.
The Estonians bought the ticket years ago, from January 1st they are buying the upgrade that allow them to listen to the band playing.
08 Jun 10
Originally posted by PalynkaFor years, the ex-Communist country was unable to fully join the euro, as its inflation rate was deemed too high.
As expected, Estonia was given the green light to join the Euro:
http://news.bbc.co.uk/1/hi/business/10264800.stm
But thanks to the global recession, the country has finally met the eurozone's inflation criterion.
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Hahaha.