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The Euro unification of currency and philosophy has thrown up its own challenges

The inception of the Euro and the evolving political and social philosophy of the nations it serves has been almost natural, an experiment in the growth of both, facing challenges as the journey has progressed, addressing the various crisis the best they knew how.  It has been an interesting journey so far.  God willing, it will continue further to unite the spirit of the European nations, and allow the Euro to successfully become a Reserve Currency.  At the moment, of course, the Euro is in its infancy.

In retrospect, questions should have been asked : How could the Maastricht Treaty overlook the printing of the Euro, or the issuing of it?  It seems the Euro Area, which was growing in number of member nations and consequently serving a bigger population, was consigned to try and manage on a 'limited budget'.  It seems not to have occurred to the powers that be that as they enlisted more members, the size of the pool of capital should have automatically been allowed to grow.  That fiscal adjustment to the collective balance sheet of the European Union nations should have been a natural, routine point.

Just imagine : First of all, East and West Germany combined, joining their currency and wealth pools to replace it with the Euro.  Remember, they had BMWs in one country, Skodas in the other, now they were going to have similar values.  Should the prices in West have been adjusted downwards, and perhaps not adjusted upwards for the East?  Was there a middle ground? 
When Greece turned all the Drachmas and Gold reserves over to Germany, what calculations were made to allocate them the Euro instead?  Was there a scientific system of transferring value?
This is just some simplistic absurd arguments, but you get the point.
It seems the Union kept growing, with more nations surrendering their original monetary units and getting the Euro instead - and this was from the limited pool that was created in the first instance.  (The Maastricht Treaty did not have any stipulation for printing or issuing more, and this was only recently looked at whereupon Mr Mario Draghi announced suitable modifications to that policy and authorized printing or issuance of more of the stuff.).

This is food for thought, and can only help in growing the Euro to a powerful, respectable Reserve Currency of the future, and the political and social unification of Europe as something that may be a cohesive, harmonious federation.

In the meantime, it seems the economic jargon utilized may have obfuscated the whole issue, as urgent issues were tackled with the most convenient solutions being thrown at the problems as they arose.  Perhaps it may be best to accept that it cannot have been any other way? 

Now with hindsight, and some scientific analysis (or even some inspired ideas), hopefully the Euro will grow stronger, the European Union nations feel they were each served equitably by the Euro, and allow the harmonious mingling of the nations combine and celebrate a culture that reflects the unity of all these people, the values they share and their aspirations for a secure, honourable and prosperous future for the E.U. and associated nations. 

Certainly with the ECB stimulus in place, there ought to be growing strength and confidence in the future, a rosy future that could hasten the economic Recovery and perhaps take us all to Prosperity, which may be just around the corner.

As for the rest of the world, China and Russia are re-creating the new Silk Road, which should see economic development in a lot of the countries that lie across the route.  Logically, there should be good numbers this year, regardless of who becomes President in the U.S. As for Brexit and the Article 50, it seems most probable that the United Kingdom will choose the options that bestow the greatest advantages to themselves.  There is a jubilant atmosphere here in the U.K. that things will be more than okay, and we will get the best of the bargain.  There seems there will be no lack of goodwill in the U.K. towards all the European nations, and shall continue trading with all these nations on the best terms under the current situation.  Brexit will turn into a blessing in disguise, for the U.K. and her friends the other Euro Area and E.U. nations. 

I would propose a toast : to the longevity of the Euro, and happy, harmonious times for the European Union and the United Kingdom.


Durudarshan H. Dadlani

(c) Copyright, but may be freely shared and distributed, with acknowledgement.
00:23 hours  GMT  30th July 2016  London


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Investment Analysis and Management
Iran, a new era of peace
Is Brexit likely? Will Hillary win the Presidential race?
It would be just wonderful....The Queen's Speech
It's looking good for Hillary Clinton.....and for Donald Trump.
J.P. Morgan
Japan - Prayer for continued recovery
Jesus, the Heart of Love for all Mankind
Job creation for youngsters in U.K.
Jobs and growth
Jon Bon Jovi, Rockstar, Humanitarian, a Heart of Love.
Kimberley Davis, Sarsaparilla
Light a candle....to Prosperity
London Business Show - 7th June 2013.
London Business Show, 28-29 Nov, Olympia.
London Housing Market
Loves and blessings for Christmas
Manoj Bhargava - Billionsinchange
May Allah bring Peace
Micro and macro - chocolate, fruits, money.
Middle East
Money for 18-24 year old Entrepreneurs
Money supply
Money, money, money
More libraries, free books.
Mountain of $57 Trillion, and a family worth 700 Trillion?
Mr Maponya, a dream city in South Africa.
Mr Tsipras makes impassioned plea for help for Greece
Mr Wilson, Yoga Masseur
Mrs Clinton holds Mr Trump on form. I believe she will win.
Mrs Hillary Clinton for President
Musical Christmas celebration, by the Hyde Park Choir
My sentiments are to vote IN on 23rd June 2016.
Nature's Law
North Korea's Mini Bomb....let us view it as comic relief.
Now is the time for all good men and women to come to the aid of the Party.
Nuclear Power
Odisha, Andhra Pradesh, Bengal
Oil price and Recovery
Oil price far too high
Oil Price, Interest Rates and Recovery
One day for God.
Over half a million new jobs with a Brexit?
Painting and Art.
Pakistani treatment of Indian prisoners
Peace between Russia and Ukraine
Peace and Prosperity ahead for 2016?
Peace and Understanding.
Peace helps us not to fall short of the glory of God.
Peace in Syria - something must be done to arrange this.
Peace, as a rose upon stony ground.
Personal three wishes for 2012
Please, can they consider amending the Myanmar Constitution?
Poor inner-city areas a breeding ground for terrorists?
Pray, and avoid the tragic occurences
Prayer for Peace in Syria
Profitable trading
Progress in harmony, not disruption.
Promoting on www.durudarshan.co.uk
Prophet Mohammed
Raise a glass of bubbly to Greece
Ratings and Opinions
Read the Scriptures with spirit, and you will find the answers.
Real life supermen!
Real life Super-woman
Recovery in the Eurozone now likely to continue
Redmond - Blessings of peace unto you.
Remain connected, improve connections
Remembrance Sunday
Renewed Recovery for the Euro Area now possible.
Right selection of business
Right to Work, Obamacare, competitive wages.
Sadiq Khan, Mayor of London. A celebration.
Saudi Arabia proposing some welcome cuts.
Save the Leopards - WWF
Security - Police
Selective Immigration
Shadow boxing? The night is yet young in the contest for the highest office in the world.
Sister Akunne's good news...her exam pass, and continuity to work as a teacher.
So much money!
Social enterprise, Micro-finance for UK entrepreneurs.
Social Issues - Commentary
Somalia - books, handbags
Some thoughts for the New Year.
Some thoughts on Christianity
Steady growth for Europe for the next 18 months, by grace of God.
Stimulus in Europe?
Stock Market
Suggest Japan should taper their Stimulus.
Swami Baba Ramdev
Swami Ramdev, Patanjali Yogpeeth Trust, India.
Swaminarayan Temple, Neasden
Syria Peace Talks to be arranged for 9th March 2016
Tata Steel - could they find a buyer soon?
Testimonies at the Latter Day Saints church, Ilford, UK
Testimonies of a Christian family
Testimony at the LDS Church after the Blue Moon
Testing, testing
The Church of Latter-Day Saints
The Affordable Health Care Act - great news.
the British steel industry - and the E.U.
The Chancellor's Autumn Statement
The Digital Economy
The Euro Area Stimulus to commence very soon
The future is bright, very bright
The future looks rosy. I believe we shall avoid a recession.
The God Particle.
The Golden Plates and the Inspired Translation of the Book of Mormon.
The Himalayan tsunami
The love of Christ - a strong enough foundation.
The magic of chemistry - partnerships.
The Mormons
The Mystery Method
The Panama Papers
The price of Gold
The price of Oil
The Queen visits Ilford.
The Queen's Speech 8th May
The Queen's speech to Parliament
The refugees from Syria - help for them, please.
The Republican candidates
The Third Industrial Revolution
The Tools for te nut
The U.S. Presidential elections
The U.S. Presidential race
The U.S. Property sector, creating $2 Trillion to the good.
The US Housing Market
The Yuan adjustment
To Alexis Tsipras and the Greek nation - growth, Recovery and Prosperity.
Tolstoy would have been as Christ.
Tolstoy's bread crumbs
Touker Suleyman, who bought an ailing company for a £1 and turned it into a £27 Million tu
Trillion dollar coin?
Truth shall prevail - a spiritual musical
U.S. government funding till November 2016, please.
U.S. should extend the Debt Ceiling, Japan should taper, India should cut the rate, U.K. doing fine
U.S. shutdown
Undocumented Immigrants in the U.S.
Vegetarian food in Las Vegas
vistaprint test
Website traffic streams
West Bengal
What can Mr Putin not do?
Who will win the Presidential race?
Why don't the stockmarkets like prospect of a Republican win?
Why I feel optimistic about Greece
Will the DOW reach 18500, or even 19000?
Winds, be thee still.
Wish you a Happy New Year...Prunay le gillon, Oxford and New York.
Wish you a joyful weekend.
With high energy prices, how can British steel industry survive? Yet survive it must.
Work hard, and work for peace....that way may be the noble, dignified way forward.
World Money Show, 8th & 9th November
Worldwide Economic Recovery
Would you borrow from your bank?
Year of the Monkey.
Yulia Tymoshenko
Zimbabwe - may it continue with fair policies
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