European monetary union is the best thing that could happen to the UK? true or false? why??
Q. This is a question posed to me just today at Uni- I have no basis for an opinion, can someone explain (possibly in Layman's terms) the pro's and con's of having the Euro currency instead of Sterling?
Asked by super_duper_luker - Tue Sep 23 14:04:43 2008 - - 2 Answers - 0 Comments

A. lots of info on link
Answered by Frost - Tue Sep 23 14:08:53 2008

how does the European Central Bank set monetary policy?
Q. there are 27 member countries in the European Union and they all use the same Euro currency. what i'd like to know is how does the central bank set a single monetary policy/interest rate for 27 different countries? surely they'd all have different economic climates and objectives right?
Asked by poonky - Tue Jul 29 09:07:37 2008 - - 1 Answers - 0 Comments

A. 1) Not all 27 members use the same currency. Only those who are in euro-zone do (15 members - dark/light blue color coding on graph below). 2) Monetary policy is set by European Central Bank: Some of it's overriding priorities are here: And it's primary goal is to maintain price stability (low inflation). Monetary stimulation is not priority, this task is relied on local governments fiscal policies and some subsidizing programs. All in all money are economy-neutral in long-run, and there still are a lot arguing between economists about short-run benefits, which are often doubtful (because of many negative economical/political/soci al issues).
Answered by Yuri - Sat Aug 2 07:38:12 2008

If exchange rate system is using common currency,is it fixed or floating exchange rate system?
Q. If an exchange rate system is using common currency,is it a fixed or floating exchange rate system?Common currency is simply a monetary union/integration whereby the same legal tender is broadly accepted in a region of countries.For example,although the Euro is adopted, U.K retains its British Pound and floats it.Why is it that every article I visit online, says that a common currency system is a fixed exchange rate system?A region may use a common currency but still chooses to float its single country's currency and a central authority may still float the common currency right?
Asked by Chowahbeng21 - Fri Oct 24 07:28:16 2008 - - 1 Answers - 0 Comments

A. Normally we think of a country as having only one system of currency. You describe a situation of two currencies, one of which is common to at least one other country. So the common form of currency is fixed currency (at least between the two countries) and the local currency can be fixed or floating in value relative to this common kind, as the choice of the government so decides. Most writers of articles don't need to mention the full situation in order to make their discussion points. It is not that they are unaware of the more complex situation, they simply choose to assume it, so as to avoid having to go into greater detail.
Answered by Macrocompassion - Fri Oct 24 07:41:07 2008

Would the unfolding "Greek FINANCIAL Tragedy" & Germany's incompetence in handling the crisis, spell the ....?
Q. ... end of The European Monetary Union and the Euro? .
Asked by < I > - Wed Apr 28 14:51:08 2010 - - 2 Answers - 0 Comments

A. It could spell the end if they don't do something about it quickly. The longer they talk about it, the worse it's going to get. It seems that Portugal, Spain and Ireland are threatening to follow suit..
Answered by Son of a Ren - Wed Apr 28 16:11:24 2010

so, how many people are aware that bush is trying to create a "north american union"?
Q. It includes unifying Canada USA and Mexico, without boarders and sharing a new monetary unite labeled the Amero. much like the European Union and the Euro all done without your vote or mine, and without congress' support, or even local senators I'm sure yahoo will remove this question in time. isn't anyone concerned that you never voted FOR this and was never informed when you voted.
Asked by Mercury 2010 - Tue Aug 21 03:30:34 2007 - - 19 Answers - 0 Comments

A. Yes, I am aware of this going on and the previous people who answered this are in one of the groups: 1. Totally unaware of the facts of what is going on in Washington and unwilling to look at them for whatever reason. 2. Do not have any pride in being an US citizen and don't care what happens tomorrow. I have seen the memos which Chertoff sent in Sept. of 2005 saying something like the following: "Dept. of Homeland Security answers to MEXICO and CANADA and not the US" The article got them through the Freedom of Information Act. It also showed some of the "Working Groups" which include a parliament which would be OVER our Supreme Court. This is not Conspiracy theories people!
Answered by Fedup Veteran - Tue Aug 21 04:19:43 2007

Why don't you guys join the euro ?
Q. How come the UK hasn't joined the monetary union of the EU ? Don't you guys find it would be a handy thing to do ? Are there any plans to do so in the future ?
Asked by rigolax - Tue Dec 5 03:00:47 2006 - - 21 Answers - 0 Comments

A. The English are obsessed with themselves and being English. They don't want to be associated with the euro, even though it would make things much easier. Most English people don't even consider England part of Europe, as they refer to going anywhere in mainland europe as plain "Europe", as if they aren't already there. Also, they're obsessed with the Queen, and they want to have her face on literally everything in the country, including the money.
Answered by Greg - Tue Dec 5 03:20:00 2006

What do you think about David Camerons latest attempt to BLOCK a referendum on the E.U.?
Q. The Coalition Government will support a new European treaty to strengthen central control of EU economies in Brussels, David Cameron has announced. In a statement to MPs, the Prime Minister said Britain will not stand in the way of eurozone governments if they want to pass control over their budgets to Brussels bureaucrats. But Mr Cameron insisted he will not support moves to pass controls from Westminster to the European Union. That of course will allow the Government to push through yet another EU treaty without the need to offer a referendum to the British public. As PLANNED of course. Let me ask you,...all of you British Citizens,... Do you think, when the time comes,...because it will come you know,...that Great Britian should… [cont.]
Asked by Gandhi - Tue Jun 22 09:28:24 2010 - - 6 Answers - 0 Comments

A. Once again there are those who miss the bigger picture when saying who cares about the referendum. The truth is all these things are linked in order to keep the people focused on the wrong things. Crash the banks, who cares we're in the EU without a vote! Sack the working class and make life worse for the poor, who cares we're in the EU without a vote! Oil spills, disasters VAT going through the roof, who cares we're in the EU without a vote! Big brother abbey was voted out, who cares we're in the EU without a vote! All these things are planned and it won't be long before they charge you too use the NHS but who cares we're in the EU without a vote! The EU and their one world bank, government, the destruction of identity, your community… [cont.]
Answered by cameronissim... - Tue Jun 22 11:43:54 2010

Does anyone know what Ron Paul means when he speaks about Global Government?
Q. Is he talking about the New World Order which has already started with the European Union and the Euro and is now being set up for the North American Union NAU. Is that what he's talking about as the solution to the monetary policies he's been bringing up?
Asked by zero - Sun Feb 3 08:01:56 2008 - - 9 Answers - 0 Comments

A. Who knows what Ron Paul means when he whines about anything!
Answered by skipfab74 - Sun Feb 3 08:16:42 2008

it's good this phrase?....read?
Q. About the Economic and Monetary Union, there was the introduciton of EURO. ok? it's correct? i'm italian and i have a homework about this phrase it's wrong?
Asked by Irene - Fri Jan 11 10:46:39 2008 - - 5 Answers - 0 Comments

A. Wrong. There is no way for me to correct it properly without knowing what you are trying to say...the thing that makes it read badly is the word "about" at the start...can you post more details?
Answered by Daisyhill - Fri Jan 11 10:49:56 2008

Should China, Japan and South Korea join an ASEAN Single Currency?
Q. Should the ASEAN adopt a single currency, should China, Japan and South Korea become a part of it? Is the ASEAN an Optimum Currency Area to begin with? Could the Euro (adopted by the European Union) serve as a model for ASEAN monetary integration? Why or why not? Note: This is all hypothetical, and wondering if it would be economically sound for the ASEAN to do any of the aforementioned.
Asked by WolfbloodVoja - Sun Dec 20 12:46:21 2009 - - 2 Answers - 0 Comments

A. In most of the world people want the Euro, not the dollar. Hillary went to China and begged them not to dump the dollar. So far they haven't but they insisted that we maintain the value and the dollar is dropping fast. When China dumps the $800 billion they own in Dollars, Japan and the other countries not wanting to be the last holding a worthless currency will do the same and the dollar will collapse. Gold will go to $5,000 and oz or more. For the last 20 years, our standard of living has been because we export paper (dollars backed by nothing) in exchange for valuable goods. That is about to come to a screeching halt. And, with no factories and few people remaining with the skills and training to do manufacturing jobs, the USA… [cont.]
Answered by Kelley - Sun Dec 20 13:12:30 2009

is that email span or is it realy and i should pay the lawyer?
Q. Elgordo de la Primitiva Lottery International Promotions Programmes. C\ Don Jaime I n 11 2 50.003 Madrid (SPAIN). TEL: +34-634-182-395. FAX: +34-911-014-349. attention: Peter Engels, As accredited and experienced financial managers, we would like to inform you that winning prizes are always in bonds and Certified Bank Drafts in the paying bank and no one has access to these funds until they are lodged in their bonafide recipients` designated bank accounts, wherever they may be, around the world. It will only be accessible by the recipient when it has finally been released by the paying bank. This is only possible when the recipient or his/her assigned Attorney here from our Legal Dept has signed the Release order. We… [cont.]
Asked by peter e - Thu Jun 5 18:50:21 2008 - - 1 Answers - 0 Comments

A. Can't find it in Google, but this email has ALL the earmarks of a scam and smells to high heaven. Unless, of course, you know the lawyer and have done business with him.
Answered by Edward G - Sat Jun 7 15:18:59 2008

Whats the relationship between exchange rate and net exports and GDP? macro econ class?
Q. Here's the question: Between September 2002 and September 2003, the exchange rate between the euro (the currency of the European monetary union) and the dollar changed from 1.02 euros per dollar to 0.87 euro per dollar. What effect would you expect this change in the euro-dollar exchange rate to have on GDP in Europe? GDP in Europe will be ___ than it would otherwise have been because the change in the exchange rate will have ___ net exports from Europe to the United States. higher/lower and increased/decreased.
Asked by Sarbazeirani - Sun May 9 15:43:39 2010 - - 1 Answers - 0 Comments

A. Let's say the exchange rate is $1.00 = 1.00 euro you have a certain cost relationship. I can import things from Europe knowing that if its price is 10 euros it will cost me $10. Same for Europe. The exchange rate changes so now $1.00 will only buy .80 euros. In terms of US$'s prices have gone up, Something that cost $1.00 now will cost $1.25. I will be less willing to buy imported goods and buy domestic goods instead. In Europe, however, the opposite has happened. 1 euro will buy $1.25. I am more likely to get imports from the US. Domestic demand will fall and demand in the US will be stimulated. You take it from there.
Answered by jemhasb - Mon May 17 03:34:58 2010

Do you think Europe's politicians should be more educated? Why else are they bailing out Greece?
Q. They don't really seem to be too educated and not know that much about politics. I mean they said back then that no country would pay the debt of another country in the EU if they go bankrupt. So how come right now they are paying it? Wouldn't it have been easier and cheaper to just kick Greece out or at least kick them out of the monetary union and bar them from using the Euro? It wouldn't have cost the other countries that much and it would not have affected their currency as much as it does now. That was the deal originally when the formed the EU, so why is everything different now all of a sudden? They are also saying how other countries might go bankrupt as they are struggling with their debt. These countries include Spain, Portugal, [cont.]
Asked by Dylan - Fri May 7 06:31:12 2010 - - 8 Answers - 0 Comments

A. For the politicians of some countries it isn't stupid to do the bailout. For example, germany as export-orientated economy profits by a weak euro. And the countries who bailout gain much influence on the countries which need the bailout, so they also increase their influence worldwide.
Answered by FloFeKi - Fri May 7 06:48:38 2010

Do you think Europeans would be smarter if they got educated in America?
Q. Like their European Union. It's the result of some uneducated idiots trying to copy us. It's probably even gonna fall apart it seems. I know that Greece is bankrupt, that's it's severely affecting the EU and their currency, the Euro. But why are they bailing them out in the first place? I mean can't they just kick them out instead of spending their people's money on Greece? It may even get a lot worse with other countries like Spain, Portugal, Ireland, Italy and so on failing as well. So how would they possibly afford that? I mean how is Greece really gonna pay that money back? Their system is so corrupt and the people there are not necessarily the hardest working either. I know that their are many factors involved in this, but I have no… [cont.]
Asked by Dylan - Sat May 8 10:06:10 2010 - - 9 Answers - 0 Comments

A. I'm sorry, I'm too busy pi**ing myself laughing to put together an argument that you would be capable of understanding.
Answered by Tumbit - Wed May 12 08:32:35 2010

Isn't it odd the Kagan supreme court pick was announced almost immediately after the Fed's bailout of Europe?
Q. The AP reported on the Federal Reserve bailing out EUROPE about 40 minutes ago. If you read the comment section: People are NONE to happy about potentially bailing out Europe. Then a funny thing happened...all of sudden NBC had "breaking news" that Obama had decided to pick Kagan for the Supreme Court. Who wants to bet MSM barely mentions the Federal Reserve over the next 3 days and has wall-to-wall coverage of Kagan?? Isn't the timing of all this just a LITTLE too convenient?? washington the Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent. Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank,… [cont.]
Asked by _______ - Mon May 10 00:27:41 2010 - - 9 Answers - 0 Comments

A. No. )
Answered by Angela Q - Mon May 10 00:30:52 2010

What is Obama's position on the Amero and the NAU?
Q. This issue is one Americans will be hearing about with increasing frequency in the near future as we barrel down on the growing possibility of a depression - perhaps a global depression. For those who haven't heard these terms, NAU stands for North American Union, a political and economic structure proposed by wealthy, laissez-faire capitalists that is similar in structure and policies to the EU, or European Union. The Amero is this structure's proposed monetary unit similar to the Euro for the EU. The Amero is already being minted in Mexico and in Texas. The NAU and Amero are ideas that have been openly supported by both Bush administrations (remember Bush I speeches about a "New World Order?") and have been secretly supported by… [cont.]
Asked by Aristotle's Daughter - Tue May 13 07:00:23 2008 - - 3 Answers - 0 Comments

A. Since he and all major Presidential contenders belong to the CFR, he agrees. I must say though that they all will say it is hogwash. In fact, it is happening before your very eyes. Be informed, RESEARCH, and do NOT believe all the garbage our Government is saying to try to deny what actually is happening. Before too long, you will wake up, and our country will not be a sovereign Nation.
Answered by dlk - Tue May 13 07:54:55 2008

please feel free to voice position/opinion on this article - E.U. Leaders Turn to I.M.F. Amid Financial Crisis?
Q. E.U. Leaders Turn to I.M.F. Amid Financial Crisis carter dougherty published: February 22, 2009 berlin the leaders of Germany, Britain, France and other European nations called Sunday for the resources of the International Monetary Fund to be doubled, to $500 billion, to help head off new problems in countries already hit hard by the global economic and financial crisis. And in a statement clearly aimed at hedge funds and other big private pools of capital, the leaders said that all financing markets and participants must be regulated in the future. They also vowed to press for sanctions against tax havens. The leaders met in an effort to hammer out a common European position ahead of the April meeting of the Group of 20, the… [cont.]
Asked by shayholmes4 - Wed Mar 4 13:59:41 2009 - - 1 Answers - 0 Comments

A. "E.U. Leaders Turn to I.M.F. Amid Financial Crisis " As was planned... Enjoy the rest of this scam people (because it is far from over). ~Order out of (planned) Chaos
Answered by Brian B - Wed Mar 4 14:05:13 2009

Could you check my grammatical mistakes?
Q. Could you help me and check my grammatical mistakes in my writing? Thank you for your help. It is the last part "A exchange rate affect the prices of imports an exports. It will also affect how a particulate business will be competitive and profitable in domestic and overseas markets. To prevent large fluctuations relative to one another most nations of the European Union linked their currencies. The European Monetary System was organized in 1979 to stabilize the exchange rate. It used an Exchange Rate Mechanism (ERM) to create stable exchange rates in order to improve trade between EU members. At the beginning of 1999, the same EU members adopted a single currency, the Euro. Denmark, Great Britain, and Sweden did not adopt the Euro… [cont.]
Asked by Marko - Mon Apr 20 15:26:14 2009 - - 1 Answers - 0 Comments

A. The exchange rate affects ... It will also affect how a particular business ... To overcome problems of exchange rate fluctuations some businesses which trade in different currencies ... ... which enable them to buy currency ... ... and invest money in currency in which they buy goods The debt includes money owed to private commercial organizations, ... According to statistics the United Kingdom is in second place just after the United States on the list of countries with the biggest debts ...
Answered by Andrew L - Mon Apr 20 15:42:44 2009

is our primeminister one of the most qualified politicians of our time?
Q. my earlier question was deleted for unknown reasons...i'll post again cause i did not get the chance to read all the answers.. is our prime minister one of the most qualified politicians of our time?? education /Qualification: * 1950: Stood first in BA (Hons), Economics, Punjab University, Chandigarh , * 1952; Stood first in MA (Economics), Punjab University , Chandigarh , * 1954; Wright's Prize for distinguished performance at St John's College, Cambridge, * 1955 and 1957; Wrenbury scholar, University of Cambridge , * 1957; DPhil ( Oxford ), DLitt (Honoris Causa); PhD thesis on India 's export competitiveness occupation /Teaching Experience : * Professor (Senior lecturer, Economics, 1957-59; * Reader,… [cont.]
Asked by anuragada poojaari(ap) - Sat Oct 24 06:00:33 2009 - - 16 Answers - 0 Comments

A. I really appreciate his caliber and immense knowledge about economics. I want this man to lead India for another 10 years to see really India shining. I hope he should be a role model like Gandhiji. His greatness, humility, humbleness and great vision for India can be reflected in people's mandate given to him in recent election. I want India to produce the man of this stature time and again to take our country to great heights. We want great,prosperous, safe India. And that can be achieved only when we have leaders with immense vision, and enthusiasm to serve the nation and that can be done only by our beloved pm dr. manmohan singh. Long Live Manmohan Singh. Jai Hind
Answered by mehdi a - Sat Oct 24 08:24:55 2009

Now that the New World Order financial grid is in place, what do we do?
Q. Make no mistake, the End Game is almost complete. First they planned and drew up plans to invade Iraq and Afghanistan Second they let happen/created a terrorist attack to get special powers over the Constitution and people by the formation of a World monitoring structure while attached to the Military Industrial Complex Third - they planned and executed this entire collapse of the American loan and banking debt system for the purpose of handing the entire monetary and loan system of our Nation over to the privately owned Federal Reserve. The fourth step is coming - Food control and rationing along with free trips to the FEMA camps for dissenters in time of declared Martial Law. The goal of all of this is to get one step closer to a… [cont.]
Asked by scottanthonydavis - Mon Sep 15 17:24:45 2008 - - 1 Answers - 1 Comments

A. This has been being planned since the 60's, it started with credit cards, and has gotten progressively worse, since than, These are sneaky people, bankers etc. As a nation we need to be informed by the powers that be. But that will never happen, The book without a shot fired, that WAS taken out of circulation, by the leftist socialist politicians, that was the start of us loosing our rights, and how they can do it. We as a nation have to ban together and let our voices be heard, by contacting our gov.s the senate people, etc.etc. If we do nothing about it the libs will take over and then its just a free for all!! One nation under God, must rule!!! I believe all of this was done on purpose to divert us from really finding out, back in the… [cont.]
Answered by andypanda - Mon Sep 15 20:19:59 2008