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European Monetary Union

  • 30-11-2010 6:22pm
    #1
    EriT
    Registered Users, Registered Users 2 Posts: 113 ✭✭


    Lads can anyone give a few ideas on the successes and its failures of the EMU over the last 10 years I have a paper to write on it and all i have is Bailouts with Greece and ourselves . what do you feel would be some of its successes?

    Thanks for your help lost here :confused:


Comments

  • #2
    ChocolateSauce
    Registered Users, Registered Users 2 Posts: 2,892 ✭✭✭ChocolateSauce


    I like being able to travel to other countries and not be hit with punitive currency conversion charges.

    Simple, but important.


  • #3
    FreudianSlippers
    Registered Users, Registered Users 2 Posts: 20,397 ✭✭✭✭FreudianSlippers


    You should start by learning that EMU does not stand for European Monetary Union, it stands for Economic and Monetary Union.

    Either way, the EMU has helped bring economic certainty to Europe... real GDP growth has been very good and a lot of prosperity has come out of the EMU.


  • #4
    Oscardela
    Closed Accounts Posts: 36 ✭Oscardela


    OisinT wrote: »
    You should start by learning that EMU does not stand for European Monetary Union, it stands for Economic and Monetary Union.

    Either way, the EMU has helped bring economic certainty to Europe... real GDP growth has been very good and a lot of prosperity has come out of the EMU.

    After all that has happened in the last year, it's hard to know how someone can judge that the Euro has helped bring about economic certainty. With one economy after another in the Eu failing, the only certainty on the horizon seems to be that the Euro is destined to break apart.

    At this stage, to claim that EMU, or the Euro, has been a great success seems unusual, when most economic observers seem to be blaming it for contributing a large part to the economic situation much of europe currently finds itself in.


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