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Showing posts from December, 2011
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THE RISE AND FALL OF THE EURO As someone who welcomed the EURO, I view with alarm the stories and the prediction of its end. Since the recession, most countries have had their difficulties, but the eurozone seem to be the group which remains forever in the spotlight. Will the euro survive? I hope so. I definitely enjoy using one currency as I move around Europe. And I will certainly not welcome the idea going back to the days when each country had their own individual currency. I hope whatever the economic problems are at present, somehow the zone would be able to come up with the correct financial strategy to resolve their difficulties. Let us hope that my optimism is not misplaced. And as we move into 2012, we shall hear less bickering among member countries. Considering the rapid expansion of the EU, nobody expected a rose garden. But long term, and unselfish committment, is definitely needed at the moment.