Euro vs Dollar

[moomin]

Thank you very much, kind Sir.

[Ecthy]

Or: anyone buy more German cars. But then: those get produced in the USA as well.

[Ecthy]

disclaimer: not for dollar-eur-reasons but for prinicipal reasons, just to feed my nationalism and pro-fascism ""

[Saint Marcus]

All this talk of "strength" of a currency is rather silly. Governments waste billions of dollars in trying to prop up currencies. GDP is a much more rational metric for how a country is performing economically. And long term bond rate is a good metric for the market perception of risk in terms of inflation or default.

The strenght of a currency does show something. And especcially the latest developments show that inverstors are taking money from the USA to Europe to invest. That's why the exchange rate is moving so rapidly now. Investors aren't confident about the state of the US economy anymore, and are moving away from it (mostly, but not soly, to Europe).

[Ecthy]

SM, it doesn't particularly show they transfer it to Europe. It shows they transfer it out of America, and that less money is transfered out of Europe. Where it goes is not shown, also not whether more or less money is invested inside of Europe. There are more than 2 economic entities, you know.

[Adalbertus]

lol, KH... it was highly ineffective using a coin instead of real paper though

Finally I understand why there are only one dollar bills.

[Ecthy]

yep, they lack the resources for making coins

[TCO]

We don't like have all those coins jangling round. Especially ones that are worth something. FYI: We have dollar coins, but other than some slot machines, ordinary users prefer bills. I bet if you give people the same choice, you will find a similar pattern.

[Ecthy]

Then why is it Europeans prefer coins so much?

[TCO]

Do they have a choice?

[VetLegion]

I used to put them under trams. They would come out flattened.

they have to entertain the kids somehow

[KrazyHorse]

Originally posted by GP
We don't like have all those coins jangling round. Especially ones that are worth something. FYI: We have dollar coins, but other than some slot machines, ordinary users prefer bills. I bet if you give people the same choice, you will find a similar pattern.

I find dollar convenient. Two dollar coin is too much. Probably would be same problem (you guys don't use your 2 dollar bills, so you could easily have 4 dollar coins in your pocket).

The conspiracy theory around here when we ot our dollar coins in 1987(?) was that the government was attempting to promote consumption (people use coins more because they feel they're not worth as much as bills).

[Adalbertus]

Germany had a bill and a coin of 5 DM. You got the bill about once a year and the coin often was called "Heiermann".

[Bereta_Eder]

coins suck.

i have to walk around looking like i have ballons in my pockets...

i would also like to have a choice between coin and bill of 1 euro value.

but what do you expect... when it was the german led bank orginizing these things...

[August Borms]

use a


bank card

thing