Re: first day of the euro

From: Lee Daniel Crocker (
Date: Wed Jan 02 2002 - 11:21:21 MST

> Twelve currencies (for 12 countries for total ~305 million people)
> disappeared today.
> Welcome to Day One of the Euro.
> Amara

I find it hard to see Extropian value in this. The idea of twelve
sovereign nations, each with the power to make fiscal policy that
devalues each other's currency, seems like it will inevitably lead
to war. If they had agreed on a /hard/ currency, or a shared
foreign currency, that would make more sense. I realize that the
treaties go into excritiating detail about what each member state can
and cannot do with respect to the Euro, but do we really expect all of
them to be scrupulous about those terms when some crisis occurs, and
the realize that they can help out their citizens at the expense of
the other nations?

Lee Daniel Crocker <> <>
"All inventions or works of authorship original to me, herein and past,
are placed irrevocably in the public domain, and may be used or modified
for any purpose, without permission, attribution, or notification."--LDC

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