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The Euro, is it a good idea for Poland?


mvefa 5 | 591
8 Sep 2009 #1
Do not know about you, but the introduction of the Euro in Holland, caused the prices to go up quickly and to double, triple.

Do you think it is a good idea for Poland to change to the Euro? what are your thoughts.
SeanBM 35 | 5,808
8 Sep 2009 #2
introduction of the Euro in Holland, caused the prices to go up quickly

Same in Ireland.

Before friends would drive to Slovakia and fill their cars full of alcohol, in the doors of their car etc... because it was so cheap there.

Now, after Slovakia has joined the Euro, the Slovakians are all coming here to shop because it is much cheaper.
It should be noted that the Zlopty did drop about 20% against the Euro.
And that the credit crunch came in at the same time Slovakia joined the Euro currency.
So it is not as clear cut as I first stated.

I would like one currency all over Europe.
When I was in Ireland I did not feel part of the E.U. until the Euro currency came in.
There is a feeling of "us"(Poland) and "them"(E.U.) here in Poland.
When the Euro becomes used in day to day transactions, there is a psychological change.
Also it makes it easier to travel and you don't feel like you are being ripped off.

P.S. the Dutch Guilder was the greatest looking currency I had ever seen :)
OP mvefa 5 | 591
8 Sep 2009 #3
P.S. the Dutch Guilder was the greatest looking currency I had ever seen :)

Yeps, we loved it, i still have some left somewhere in my boxes. They are gonna be worth a lot later on, they said :D
SeanBM 35 | 5,808
8 Sep 2009 #4
Yeps, we loved it,

Ah, they were tremendous, very colourful, pity they did not become the Euro.
The Euro looks so formal.

i still have some left somewhere in my boxes.

I have the old Irish currency framed hahaha.

They are gonna be worth a lot later on, they said. :D

what do they know...
OP mvefa 5 | 591
8 Sep 2009 #5
I have the old Irish currency framed hahaha.

really? haha that's a great idea i will do that, they will hang over my fireplace :D
SeanBM 35 | 5,808
8 Sep 2009 #6
Yeah, nice dark wooden frame and on green felt, looks good.
I even have the half penny
en.wikipedia.org/wiki/Halfpenny_%28Irish_decimal_coin%29

The coin was removed from circulation and demonetised on January 1, 1987.

My local shop keeper was soooo mean she would tear a jelly baby in half, for your half penny hahahahahahaha
OP mvefa 5 | 591
8 Sep 2009 #7
My local shop keeper was soooo mean she would tear a jelly baby in half, for your half penny hahahahahahaha

Hahahaha yeepers, what an stingy old lady..

Yeah, nice dark wooden frame and on green felt, looks good.

I was thinking of a light coloured wood with a blue background, huh,, i might have to reconsider..
SeanBM 35 | 5,808
8 Sep 2009 #8
I was thinking of a light coloured wood with a blue background, huh,, i might have to reconsider.

It depends on where it is, but the Dutch Guilder is so colourful, I would choose a dull background to bring out the colour more.

Bit of Van the man Gogh in that one :)

South Africa Rand has a very interesting currency, the more the note is worth, the more dangerous the animal is that appears on the note, at least that is partly true, it starts off with springbok and goes all the way to Rhinos hahaha
dnz 17 | 710
8 Sep 2009 #9
if Poland join the Euro I would have to go home :( My income is in sterling
OP mvefa 5 | 591
8 Sep 2009 #10
Rhinos? yaaay, thats the last thing you wanna see in a banknote haha,, well at least is better than the chinese yuan, all the banknotes display the face of Mao, aaaaall of them! lame!
southern 75 | 7,096
8 Sep 2009 #11
The Euro,

Very controversial.For sure bad in the short term,maybe good for the long term.
SeanBM 35 | 5,808
8 Sep 2009 #12
Rhinos? yaay, thats the last thing you wanna see in a banknote hah

Just checked, it is the coins that have the springbok.
it has been a while since I was there

well at least is better than the chinese yuan, all the banknotes display the face of Mao, aaaaall of them! lame!

Hahaha, lovely

Thai Baht do the same with their king, that man is like a god over there.
OP mvefa 5 | 591
8 Sep 2009 #13
Indeed the southafrican banknotes look cool, would be a variation than the usual Heros/reformers we see in most of the countries.

That Thai king is really a god indeed. Somebody should put him down from his cloud...
southern 75 | 7,096
8 Sep 2009 #14
Euro is like EU.It offers you stability but no bread.I mean you cannot undervalue your currency to make your products more competitive and boost the production.

On the other hand when you have euro,you are less vulnerable to the feker speculators who play with currencies.Germans know the tricks of playing and their bankers play the speculators before they play them.
Crow 150 | 9,552
8 Sep 2009 #15
The Euro, is it a good idea for Poland?

this title makes me dream of a another title >>>

How should be named curency of eventual Slavic Democratic Confederal States ?

Serbian medieval curency was PERPER. Serbian Kingdom and later Yugoslavia had `dinar` for curency (inspired by Roman dinar). Modern day Serbian cureny is still DINAR. In Poland it is ZLOT, in Czech Rep. it is KRUNA, in Russia it is RUBLJA, etc.

if Polish Zlot reffers on ZLATO = Gold (Zlatno = GOLDEN), i would be ready to support establishment of a ZLOT for common Slavic curency. Gold (ZLATO) is universal word for all the Slavs. That`s why i support Zlot.

Of course with Warsaw as Capitol town of Slavic Confederation, Poles won`t mind if Confederal Bank of Slavija has its center in Serbia, in Belgrade. Land army command could be in Moscow and Russians shouldn`t complain, also. Krim, Ukraine should be center of Slavic naval forces and Budishin in Lusatia should be center of Slavic Missile defence. Prag should be center of Slavic airforce, etc, etc.

Euro is like EU.

EU is like a pandemonium satanico and EUR is like a devil
southern 75 | 7,096
8 Sep 2009 #16
if Confederal Bank of Slavija has its center in Serbia, in Belgrade.

One bank and 5 military institutions for the Zlot.
szkotja2007 27 | 1,498
8 Sep 2009 #17
Pegging your currency to the Euro makes economic sense as it will be less vulnerable in a global market.

It is bad news for domestic retail as prices will go up just like they have done in every other country with the Euro.

Bad news for tourists too.
tornado2007 11 | 2,274
8 Sep 2009 #18
The Euro, is it a good idea for Poland?

yes...
SeanBM 35 | 5,808
9 Sep 2009 #19
So when Is Britain going to join?

;)
Seanus 15 | 19,706
9 Sep 2009 #21
The EURO would be catastrophic for many property buyers. Too many people think in kantor terms and not real equivalence terms. Buying in Złotówka is a viable option but the possible advent of the EURO promises to change all that. I think it's just another case of the rich inadvertently crippling the poor.
MareGaea 29 | 2,752
9 Sep 2009 #22
Hopefully never.

I read some time ago that a couple of powerful investors kicked the UK in the butt and said that they have to hurry with implementing the Euro as it costs them too much in exchange-rates and so on. If the UK would not switch, they would withdraw their business to elsewhere in the EU. And I believe there is some sort of a routemap for Britain to join the Euro. If they are smart, they do so as they would only benefit from it.

Seanus

Agree with you - although a few remarks: when the Euro was implemented in NL, for a moment I lost the concept of money, used as I was to count in guilders. Suddenly I had to grasp that what seemed half of the money had in fact the same value and it made me kinda be on the penny for a short while. Lot of ppl had this, but thank God we had the good ppl from the hospitality branch who were so helpful to make life a little easier for us: every price, originally in guilders was changed to the same in Euros. That is: sth that cost 5 Guilders before, now cost 5 Euro. We are grateful to those good ppl as they completely free of selfishness, made us grasp the concept of the Euro very quickly. But beside my sarcasm, I (and with me many ppl) were counting back every price we saw in Euros into what it would have been in Guilders. What I mean is: when you know that a Euro is about 2,20 Guilders and you see sth of 5 Euro; for a long time it was like: "oh, that's 11 Guilders". And then of course we all got angry at the rip off who dares to charge 11 guilders for a f*cking sandwich, but that's another issue :)

It took me over a year to stop counting back to guilders. I don't do that anymore. In short, for a small group in society the switch to Euros would be good, but I am afraid for the majority life will get much more expensive as there are always vultures who will take advantage of the situation. Happened everywhere in the Euro-zone.

M-G (has new coffee brought to him by his Irish slave. I think I will take her home tonight, she looks good)
Seanus 15 | 19,706
9 Sep 2009 #23
Well, Poland is perhaps a different case. When you are buying fruit, veg and other staples, 100PLN will take you much further than 23EURO or whatever the conversion is now. That's why I don't like direct conversion, it doesn't address the variation in living costs. What's more, you are at the mercy of exchange rate fluctuations. That could work against you in the property market.
polishmeknob 5 | 155
18 Mar 2010 #24
I don't think the Euro will be good for Poland; at least not now. Maybe in a decade or so, but we'll see if the Euro survives (which it probably will.)
convex 20 | 3,978
18 Mar 2010 #25
The Euro provides no benefits at all for Poland.

On the other hand when you have euro,you are less vulnerable to the feker speculators who play with currencies.

Here's a trick, just peg the currency to the Euro.
polishmeknob 5 | 155
18 Mar 2010 #26
The Euro provides no benefits at all for Poland.

The Euro makes intra-European trade easier and imports (such as cars, energy (oil), airplanes) cheaper. Plus, there's an added stability in that a country such as Germany is there to back it up. It's a two-edged sword, because then you have a country like Greece that could tear it down.

There are pros and cons to each side.
Arien 3 | 721
18 Mar 2010 #27
Do you think it is a good idea for Poland to change to the Euro? what are your thoughts.

It's simple, if it's not doing much good for people in Holland, I doubt that it'll do any good for people in Poland. What will happen if prices double or triple there, but when most of the salaries won't?

P.S. the Dutch Guilder was the greatest looking currency I had ever seen :)

I really, really, really miss my Guilder!

:(
convex 20 | 3,978
18 Mar 2010 #28
The Euro makes intra-European trade easier and imports (such as cars, energy (oil), airplanes) cheaper.

Right, what are the benefits against a pegged currency? How much has Danish trade been affected by not having the Euro?

Regarding making imports cheaper, the tiny bit that is lost in currency conversion is a pretty terrible trade off outsourcing your monetary policy.
kondzior 12 | 1,242
18 Mar 2010 #29
In case of EU collapse the euro currency in Poland would mean catastrophe. So better to steer out of it at least untill we know for sure that EU will not go down.
Seanus 15 | 19,706
18 Mar 2010 #30
It would be a terrible idea for the reasons I outline earlier. It would be good for the bigwigs and rich gits. Property would spiral out of control. Prices for apartments are already ridiculous.


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