euro

placeholder

Essays on the Euro

The Euro was introduced in 1999 to great fanfare. It is a bold economic plan to encourage greater convergence and reduce transaction costs within the European Union. As a frequent traveller to Europe I am frequently grateful countries have adopted the Euro as it makes it much cheaper to need just one currency. However, the impact of the Euro on the wider economy is more contentious. These are some of the essays I have written on the Euro. As you will see, I find it hard to see a good…

placeholder

UK Housing Market and the Euro

Readers Question: ‘Outline two reasons why the UK’s housing market represents a barrier to the UK’s membership of the euro’. Joining the Euro involves a common monetary policy. This means that UK interest rates will be set by the ECB. Therefore, if the ECB have to increase interest rates it will increase UK rates and therefore increase the cost for UK homeowners. If interest rates increase at the wrong time it could cause economic hardship for homeowners. 1. Mortgages are a high % of consumer’s disposable income and therefore are sensitive…

placeholder

What is the Plural of Euro ?

A reader left a comment on a post saying the plural of Euro is Euro. I was surprised to see this because according to the rules of English it should be Euros. On researching the issue I found, that the European Commission did adopt Euro as the the plural of Euro. However, rather bizarrely the Directorate-General for Translation (Eu body) advise using the plural form Euros for any publication intended for general publication. It seems bizarre to have one official definition (which breaks the rules of English grammar) and then advise a…

placeholder

Predictions for the Euro 2009

Readers Question: Buying a new property in Montengro215,000 Euros’s paid 30% at exchange 1.47 to pound August 2007 20% due in 2-3 months. 43 ,000 euros today exchange is bad news approx 1.23 to pound further 30% due around Nov -Dec 2008 20% on completion around April 20091.What are your predictions for the pound euro exchange rate at the time points above. June 08 – April 09? I would be reluctant to stipulate a figure for the Euro / Pound exchange rate, especially with so much resting on your decision. People do talk of…