I think the Euro has loads of benefits but I was curious if anyone thinks that the single european currency could have long term adverse effects?
Before companies located facilties all across Europe to spread currency fluctuation risk. Now, they simply need to locate in one low cost country to get more of an advantage as the currency is no longer a variable.
Although other large countries exist on a single currency - is the European economy too varied to have its own? Ireland acheived so much economic success for many reasons but a major factor was the success of the US economy about the same time. However, while Irelands economy is following one cycle, the ECB and the rest of Europe are in another.
In my opinion this current property market inflation never would have been possible back on the pound.
Any thoughts?