Implications of the Euro
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I need help to answer the following quesitons:
What are the implications of the establishment of the euro for (a) European consumers, (b) businesses based in the EU, (c) businesses based elsewhere in the world?
What are the benefits to Britian, Sweden, and Denmark of staying out of the euro zone? What are the potential costs? Do you think these countries will eventally join the euro zone?
What are the implications of the euro gaining ground at the expense of the US dollar as a major reserve currency for the world's central bank?
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What are the implications of the establishment of the euro for (a) European consumers, (b) businesses based in the EU, (c) businesses based elsewhere in the world?
The implications of establishment of the Euro for European consumers:
1. Exchange-rate fluctuations do not affect the consumers.
2. The consumers are able to tell if the prices are same or different in other countries.
3. The tourists do not have to change their foreign exchange when they cross borders.
4. There is increased trade across borders because of price transparency.
5. The consumers gain because of lower interest rates.
6. the consumers get a larger variety and choice in the markets because of increased trade.
The implications of establishment of Euro for businesses based in EU:
1. The business can easily expand into the neighboring countries.
2. There is stability of financial markets and this helps promote trade.
3. There is stability in the economy of the region and this helps businesses in EU.
4. The billing process within the EU is simplified and this helps the businesses located in the EU.
5. There is a cross border movement of employees and this is helpful for business.
6. There is increased tourism because of the ease of ...
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