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Foman is my favorite moderator. <3
Posted by: Android Spartan
Posted by: A Good Troll
Currency is bought and sold on the open Foreign Exchange market - if I went and wanted to buy Euros, which Euro would I end up with? The German one? The Greek one?
And once you start making those distinctions, you are back to each country having a different currency.You wouldn't get a seperate currency, you can take it to any other country only the ammount you pay would change.
Im not into economics or anything so im clearly ignorant on this.
Prices already vary between countries though. A loaf of bread in Germany costs a different amount of Euros than a loaf of bread in Greece.
The problems with a currency union exist on a higher level than that. Since the Euro operates under a central bank and a central money supply, when the European Central Bank decides "I see risk of deflation in general - I'm going to print more money" that affects the economies of all member nations using the Euro - whether that hurts or helps them.