Wednesday, April 19, 2017

Economics Article Q4W5

Many Europeans want to kill the euro

The 34-year-old economist, Sergi Cutillas, wants Spain to abandon the euro. He's far from alone: 25% of the people who use the common currency want to ditch it, according to the latest European Union poll. The threat to the euro is most acute in France, where people will vote Sunday in the first round of a presidential election that features Marine Le Pen. The far right politician, who wants to take France out of the currency union, is expected to advance to a runoff vote against one other candidate on May 7. Some Europeans want to kill the euro because "Europe is not a nation." Italy's president, Alberto Bagni, the case against the currency boils down to this: European countries are not the same, and so they shouldn't use the same currency. Optical illusion, The interest rates that Spain, Greece and Italy needed to pay creditors plummeted after they joined the euro, putting them on a par with Germany. I think, Europeans should not kill the euro if they can come to an agreement because if that happens in years the euro will not exist.

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