Happy Birthday Euro
May 10th, 2008 - Chris MarshallSeems like in all the excitement of last week we missed a big anniversary - 10 years since the agreement on the Euro was reached!
When the euro was launched there were plenty of people who thought it would crash and burn.
Ten years on, its role as a global currency is secure, even if it hasn’t achieved everything its founders hoped.
I remember when the Euro was first announced. I liked the idea of the convenience of a single currency when traveling as at the time I tended to have about 4 european currencies in my wallet at any one time, but wasn’t sure I would want to use it at home. I liked the novelty and excitement of different currencies, but felt that overall it was a good thing.
Well since its actual introduction in January 2002 it is now my ‘home’ currency, and I am more than happy with it, especially on the occasions that I travel through Europe. I find the old £ a little dull by comparison, and can’t get to grips with the AED (Dirhams) in Dubai!
As far as its economic performance goes I found this interesting from the article:
Spain and Ireland did well out of the early years of the euro - too well, some would say.
Being part of the single currency meant that interest rates were lower, for longer than they would otherwise have been, during the boom years when their economies grew rapidly.
That allowed some US and UK-style imbalances to build up, particularly in the housing market.
Both economies are now set to slow sharply as a result of the credit crunch. It is possible that they will even suffer a recession.
By contrast, Germany and France had less of a boom, and may now only suffer a modest slowdown.
Celebrating 10 years of the Euro?
About Almerimar
Almerimar is located in the region of Andalucia, Spain. The nearest airport is 30km away in Almeria. Other airports that are within 3 hours include Malaga, Murcia, Granada, and Alicanti. Other holiday resorts in the region include Mojacar , Aguadulce and Roquetas de Mar
Almerimar is a great place to live as an expat amongst the expats, or to work amongst the Spanish. There are all kinds of properties including villas, apartments and town houses for rent or sale. It is a very traditional part of Spain, with traditional Spanish foods so if you plan to travel to Spain either to look for jobs, for your company to trade with companies in Spain, or to learn Spanish and enjoy the Spanish weather then come and take a look.
If you are interested in purchasing a property in Almerimar please visit our sponsors Mirror of the Sun or Mediterraspain. If you have purchased a property and need it furnished please check out our Sponsors DBJ who will give you a Exclusive 5% discount with the code AL2008.
If you want to learn Spanish, get help with anything to do with the legal issues in Spain, or want WiFi access in the marina please check out our sponsor CentrePoint who will give you a 10% discount off all services with the code AL2008.
If you want an amazing activity based day out in the mountains and to learn how to ride a motorcycle off road then check out our sponsor The Long Way Round and get 5% off with the code AL2008.
Almerimar is also one of the largest marinas in Spain with over 2,000 births and excellent boatyard facilities.
