ASX 0.38% $64.72 asx limited

euro distorting world money markets

  1. 5,263 Posts.
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    The euro is not a balanced means of exchange, manny of the countries have had trouble using the euro and it has created very high inflation. I do not know what the end result will be but I believe that because the world is becomming more linked to the euro it has the potential to contribute to a financial crisis.

    I believe one result is the euro has caused problems for european growth, because of its inflationary effect.
    I think there are some hidden consequences of using a universal means of exchange in europe, yet to be discovered. This may or may not effect our market, remains to be seen but let this be a lesson to us not to go down the same path.
 
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