Who will quit the EURO first?

[guydesavoy]

Sweden can call another referendum at any time....the No vote in '03 is not the end of the matter..

As for the definition of Scandinavia ? Finland was once part of the Kingdom of Sweden, and your Brittanica quote does refer to the economic context...which I think is the point here anyway. Some would even argue that Scandinavia is only 2 countries, Sweden and Norway, although the Swedes might think it's just one big country anyway...theirs !  

Enough splitting of hairs and heirs. I believe the original reference to 'Scandinavians' in the euro zone stands in the context, although I accept that the finer points of language and debate are often lost on some  

[Lefty]

(Road Runner @ May 20 2010,17:15)

(Lefty @ May 20 2010,10:43) Back in the 80s, 1 USD could get you 2 British pounds. Then it completely flip flopped. I  look forward to when 1 USD = 2 pounds again

Early 80's £1 = about $2.05 - 2.10.  As yet it has never been the other way around.

RR.

It has NEVER in history been the other way around? I wasn't into trading currencies at all in the 80s, but seems like I read, while sober and of sound mind, a few years ago, that the exchange between the two was completely reversed from back in the 1980s time frame.

[thaibound]

(Lefty @ May 20 2010,08:45)

(Road Runner @ May 20 2010,17:15)

(Lefty @ May 20 2010,10:43) Back in the 80s, 1 USD could get you 2 British pounds. Then it completely flip flopped. I  look forward to when 1 USD = 2 pounds again

Early 80's £1 = about $2.05 - 2.10.  As yet it has never been the other way around.

RR.

It has NEVER in history been the other way around? I wasn't into trading currencies at all in the 80s, but seems like I read, while sober and of sound mind, a few years ago, that the exchange between the two was completely reversed from back in the 1980s time frame.

here ya go, Lefty:

http://www.miketodd.net/encyc/dollhist-graph2.htm

the relevant quote:

"The variability of the £/$ rate from 1971 is obviously substantial and can be seen more clearly in the graph below - from a high of $2.44 at the end of 1980, right down to a low of $1.05 (caused by the severe weakness of the pound) in February 1985."

[guydesavoy]

Exchange rates from 1971 to 04/2010 :

http://research.stlouisfed.org/fred2/data/EXUSUK.txt

Maybe the 2 for one was the other way round ?

I get confused

[Lefty]

Thanks Guy. I guess I was thinking of the 1 to 1.05 rate of the mid 80s. Ok, I'd like to see that come back again.

I think it's the least the Limeys can do for us.

[guydesavoy]

I think Gordon was doing his best but there's a new Sheriff in town now so stand by..

Maybe we should get Rusty Crowe to sort him out

[katoeylover]

(halla @ May 20 2010,11:04)

(katoeylover @ May 20 2010,16:00) the Skandinavians.

That means we have to start using it first

Finland not in Skandinavia then?

[Lefty]

(guydesavoy @ May 20 2010,23:22) I think Gordon was doing his best but there's a new Sheriff in town now so stand by..

Maybe we should get Rusty Crowe to sort him out  

Or, Rusty Nail, the alter ego of a more well known BM here.

[Tomcat]

I thought the guys running the Eurovision Song contest drew the map of Europe now... Israel is part of Europe according to them so i think Finland and Scandanavisk is not a problem... perhaps email Terry Wogan.

Or maybe ask FIFA, they reckon that Kazakstan is part of Western  Europe   ( is it??)

[whore]

No one. The Euro will recover.

[Bumpa STIKKA]

On reflection - a better poll would have been...

'Who will threaten to leave the euro first!'

[Jake_Sully]

Actually a better option would be the euro will stabilize and not much else. Recovery of the euro with 14 different countries doing different things isn't easy.

[Master Bator]

(katoeylover @ May 20 2010,23:44)

(halla @ May 20 2010,11:04)

(katoeylover @ May 20 2010,16:00) the Skandinavians.

That means we have to start using it first

Finland not in Skandinavia then?  

Nope.

Scandinavia (Sweden, Norway, Denmark) + Finland + Iceland are referred to as the Nordic Territories.

Don't think that anyone would like to have Iceland included in any currency.

I agree it is very confusing with different countries being part of European Union, Shengen countries, NATO etc.

And as long as it is easier to order to order a cheeseburger with fries at a Mac Donalds in Bangkok than in Madrid (as I experienced) all this so called European unity will never work.

[vernons1967]

Reported this morning in the financial section of the Daily Telegraph that by the end of the year Euro Mark 2 will be introduced. Countries in it will be Germany, Austria, Slovenia, Finland and the Benelux.

France will have voluntarily withdrawn and rest would have been expelled.

[Bumpa STIKKA]

Well we can but hope that this idea takes off.