A lot has been written about the possible collapse of the euro. In this post I want to write just about the opposite. What happens if the euro succeeds?
First of all let me comment that, contrary to what may seem, the euro is currently a success. You only have to look at the currency change against the dollar and the pound and it is easy to see that hte euro is a very strong currency. If the euro was a bad option the currency change would be another.
But let me concentrate in the future. If the euro does not collapses then it is obvious that the euro will show to the world that the eurozone is a place where even in difficult times we can survive them. If you take into account that the euro is only ten years old and you compare this with quite older currencies as the dollar and pound it is obvious that the euro must be a very good currency. I wonder in which part of the world you can have 17 countries that unite among then to have a common currency.
For the people in the US the dollar is just more than a currency. The same happens to the pound to the British people. And with the euro happens the same. Behind the euro is the desire of seventeen countries to share a future, to share a dream. It is obvious that the current eurocrisis shows that things have not been done right at all the time but just because we created the euro we are learning the lessons. And in this way we get stronger.
If somebody believes that with this eurocrisis the eurozone and Europe is getting weaker I humbly believe is mistaken. This crisis is making the people in the eurozone – and outside I hope – to realize that you have to care about the things to be done correctly. For some months when I touch the euro coins I touch them not just as just coins. I touch them in a way that I had never touched legal currency: with delicacy, knowing that I should care for them.
Thanks to the eurocrisis I have realised that the euro coins and euro notes are more than coins ans notes. There are part of my life as European. It almost makes me cry when I realise that the same coins I use can be seen through the strrets of Venice, the fields of Ireland, the boulevards of Paris, any Greek Island and may soon in the new island born in the eurozone at the Canary Islands!
People from Finland, Ireland, from greece, from Berlin, from Rome, from Amsterdam, from Malta, from Brussels can go to the Canary islands and feel at home because we share the same currency.
So, what happens if the euro succeeds or said in a better way: what will happen to the dollar hegemony if the euro keeps succeeding?
- Why is the euro stronger than the pound? | Andrew Watt (guardian.co.uk)
- Fury at cash pledge to IMF (thesun.co.uk)
- Euro Weakens From Month High as Traders Gauge European Risks (businessweek.com)
- Currencies: Dollar index edges higher in Asia (marketwatch.com)