euro debate/economic issues
Scott
insanus_scottus at yahoo.co.uk
Sat Jun 7 00:53:04 UTC 2003
I hope this doesn't cause a blazing row or anything but, as an
American I'm curious as to whether you Brits are pro- or anti-the
Euro replacing the pound. (If this is too political a discussion I
understand, someone censor me and apologies to all.) Friends of
mine in England have generally said that they favour keeping the
Pound...I guess it's got something to do with national pride, and
well-- the economy.
As I understand it, and economic issues are confusing to me so I'm
probably wrong, the pound is more valuable than the US dollar,
because it takes more £s to equal $1. The exchange rate is
currently $1= £.602 and £1= 1.41973 Euro so...the Euro and USD are
closer in value, but still less valuable than the GBP (£).
If the UK joins the Euro currency would they be in effect weakening
there monetary value in the international community? Or (and because
I don't think that last sentence is stated correctly perhaps this
makes more sense) are they likely to help strengthen the Euro by
their addition, and thus make it more compatible to the USD ($). Is
that the point, and if it is is it not better for the EU than for
the UK specifically. Is that the issue?
Sorry if this seems inappropriate or an incorrect forum, but
newsites can be confusing, and I thought it might be more helpful to
get the opinions of average citizens (if any HP fan is considered
average).
Scott
P.S. I wonder how this reflects on wizarding currency, if at all,
and whether the Galleon (as I've always assumed it is the mainstay
of the currency and that Sickles and Knuts are mere subdivisions) is
a British thing, or if it is the universally recognized wizard
monetary unit?
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