European Union and Common Currency Euro, Advantage or Disadvantage?EURO is the currency of eurozone and the second most important representative in the world monetary system. EURO is the official means of payment in 17 of the 27 member states of the European Union and in other 6 countries expect EU. The start of validity of exchange form was on the 1st January 1999 whereas the currencies form was introduce into the circulation on the 1st January 2002.
Firstly, when started European coutries accepted Euro was around common currency big shadow. Optimism and on the other side pessimism and views on them are still diversed. The crisis left on euro reputation unwelcome harms. The Most of Europeans are calling for the return to the national currency.
The loudest discussion is in Germany, where, by the way, was euro never popular. Immediately after its introduction was euro uncomplimentary call “teuro”, which is derivated from German term teuer, which means expensive. But views of residents could be different as is the reality. Because in the real some prices of everyday consumer products increased, but the most of them decreased and after the euro introduction is the inflation even lower then in time German mark. But if we look in policy we will find definitely different opinion. No member of the Government haven´t even mentioned the possibility of canceling the euro. And so between the high-level managers we won´t find many opponents of the common currency.
In conclusion, the euro is a serious and important part of the whole system of fiscal policy which was instituted on 10 January 2016. The EU, and to a lesser extent the EU member states, were determined to be prepared to adopt and have an independent fiscal policy and that a number of reforms were already implemented. The euro was a political instrument. It was not an economic instrument. It was a political instrument until it came into being, as it now is. If we are to continue with our work together we need to work together on the principles that we started working with in 2003, 2006, 2009 and 2010.
A long time ago my colleague was very surprised by the reaction of many and he called me in protest. Even though one of the major reasons the euro is so important was the political success of the EU, such a reaction could not have been taken. We do not wish to be taken lightly. We feel that a more important problem for the European Union today, than the euro, is the euro itself, not the issue of debt. But what is the most important issue for the European Union today is not the economic situation but the level of deficit. There is a new wave of people who are not concerned with the euro any more but with the level of competitiveness which will make things difficult for our own citizens, our banks, our citizens and not for their own countries but for a number of others.
All of these people are also working for the betterment and bettering of Europeans. Most of all, these people are part of our core community and are in a place where we are growing, that are part of this European project, that are still working on solutions to our problems that are not in the interests of others. We continue to work in this spirit. We are committed to this spirit and we will do our best to support it. Our aim is not to become an EU-killer or to get rid of us, on the basis that we have an EU-killer agenda. We remain in the work of our European brethren to continue with the EU work in order to build better life for European Americans who want better opportunities for European nationals. This is not a goal for the entire population. We look forward to the day when an increasing number of European people who are part of the European community in the same way that other Europeans are will become members of the European Union.
Even among the French is the euro unpopular. “The main problem of our country is called the euro,”declares the Marine Le Pen, elected as the President of the National Front, spoken of as a strong rival Nicolas Sarkozy in the presidential election 2012. According to her is the move production outside France incurred the strong course of euro. And the French are paying billions in extra payments for other members of the monetary union.
Unlike Germany, the Austrians are for the euro. According to a survey for the daily Standard want 66 percent