persuasive speech about should there be one currency in the whole world?
- Spock (rhp)Lv 74 months ago
you lose. social conditions and norms in different nations virtually require that they be able to adjust exchange rates periodically. This is huge problem for the EU ... essentially, the only method to keep the euro for all is for the more successful economies to buy up the debt of the less successful ones -- and Germany has little interest in, in essence, subsidizing the Italians to perpetually spend in excess and refuse to invest sufficiently.
- CeiLv 54 months ago
It would be a great thing.
The current system has people who play the money markets (providing no useful purpose to society) controlling our financial security.
- SquidLv 74 months ago
That would be a terrible thing. Do you really want China to have control of your financial security?