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No, I don't think so.
1) Politicians did NOT promise that prices would remain exactly the same. At the time Spaniards, just as with all the other countries that joined the EU, were told that prices could and would change, but three were various controls upon how much. It was known that there would be a one time hit upon annual inflation and, of course, there was. The reason was, as you noted, the impossibility of translating pricing under one money system to another without any changes.
3) Confederate, I was referring to the Euro. it would be an ill-informed mistake to assume that the EUro is going to disappear, indeed, given the global process of movement toward multiple payment systems and away from dollar hegemony, the Euro will become even more important than it now is and so will be protected by use - just as Russia, for example, is now doing.
Oh a man can dream...
Oh a man can dream...
It seems to me that Norway, Switzerland and the UK were wise to retain control of their own currency!
After hearing about how much inflation was involved in the Greek conversion, wow, that's insane!
Yes every man and every country should dream of being sovereign, anything less is close to slavery.
I think some people are getting confused about how money works. The change to the Euro was a one-off effect that occurred at a particular time - the changeover period of the currencies s period of a few weeks, with the price increases occurring on the day of the changeover. It was, to some degree, an inevitable issue caused by pricing and labelling necessities and to some degree from profiteering by some, but not all, vendors.
The price of housing going up might well be inflationary but has nothing to do with the change to the Euro.
But, yeah, easy to blame the euro for other problems, saves having to know stuff and enables one to maintain one's ignorant prejudices.
I think some people are getting confused about how money works. The change to the Euro was a one-off effect that occurred at a particular time - the changeover period of the currencies s period of a few weeks, with the price increases occurring on the day of the changeover. It was, to some degree, an inevitable issue caused by pricing and labelling necessities and to some degree from profiteering by some, but not all, vendors.
The price of housing going up might well be inflationary but has nothing to do with the change to the Euro.
But, yeah, easy to blame the euro for other problems, saves having to know stuff and enables one to maintain one's ignorant prejudices.
BTW with the introduction of the EURO it was agreed that the maxbudget deficit is 30%.The first country to break this requirement was Germany and then France.
SLO413, I think that either your recollection or your Spanish skills are failing you here.
1) Politicians did NOT promise that prices would remain exactly the same. At the time Spaniards...
I think some people are getting confused about how money works. The change to the Euro was a one-off effect that occurred at a particular time - the changeover period of the currencies s period of a few weeks,