How Powerful Is The Euro?

Was the Eurozone a Bad Idea? http://testu.be/1QB2U8T Will the EU Fall Apart? http://testu.be/1UYWZPm Subscribe! http://bitly.com/1iLOHml Since its introduction in 1999, the euro has become the second most used currency in the world. So just how powerful is the euro? Learn More: Will EU border controls really threaten the euro? http://www.bbc.com/news/business-34977337 "The village of Schengen sits on the banks of the Moselle river in Luxembourg, close to the point where its frontier meets those of France and Germany." European debt crisis: It's not just Greece that's drowning in debt http://www.telegraph.co.uk/news/worldnews/europe/greece/11705720/European-debt-crisis-Its-not-just-Greece-thats-drowning-in-debt.html "While the eyes of the world are on Greece and its potential default on its debt, there are several other countries in the EU that have debts to rival the struggling nation." After 2020, all EU members will have to adopt the euro http://www.telegraph.co.uk/finance/economics/10935617/After-2020-all-EU-members-will-have-to-adopt-the-euro.html "Recent events have made the British political commentariat more aware than before of just how committed European political leaders are to delivering political union in a Single European State." Dollar hits new low versus euro http://money.cnn.com/2008/07/15/markets/dollar/index.htm?postversion=2008071515 "Concerns about the U.S. banking sector drive greenback to a record low against the 15-nation euro." Music Track Courtesy of APM Music: "Confident Meeting" Subscribe to TestTube News! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews TestTube now has a newsletter! Get a weekly round-up of our most popular videos across all the shows we make here at TestTube. For more info and to sign-up, click here. http://testtube.com/fwd Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq

Comments

1. I hope thet Europe will not die or the world will collapse
2. usa would like to be as powerful as the euro
3. HEY!!!!!!! IRELAND IS PART OF THE EUROPEAN UNION TOO!!!!!
4. the euro will become the world's dominating currency.
5. "9 Non Eurozone countries have chosen not to join the Euro" - This is a lie!
   
   Only the Uk, Sweden and Denmark have an opt-out of the Euro, the others were not in the EU at the time, and will have to join the Euro, once economic conditions are met.
6. these people who have resigned the euro still have the euro valuta.. so they have the same valuta but not the same coins.. not a big difference.. im from danmark.. that is alteast what we have done
7. Seeker should do a video on the European Union's initiative to have all E.U countries adopt the Euro by the year 2020 and what it means for the European Union.
8. Once Turkey (and Morocco) face repercussions for their actions on blackmailing the EU due to the refugee crisis, post-ISIS' defeat and once Turkish units are removed from Armenia, Kurdistan and Cyprus; creating a Kurdish, Palestinian, Israeli, Cypriot and Armenian sovereign state respectively (or returning lands that were removed or occupied); then Greece, Italy, Spain and Portugal will leave the Euro zone and revert to their old standard until their economy has recovered, stabilising the Euro. And now with the UK leaving (more so England), a HUGE chunk of debt will leave the EU, whilst subsidies given to England (and Wales especially), will no longer be the case, with investment being the usual rate, rather than one that benefits the UK only. We can only hope that the far wealthier and democratic country of Scotland secedes the Union and rejoins the EU; along with a unified Ireland.
9. Brexit
10. The bitter truth is the euro is history and there is no going back to it.
11. Fixed exchange rate unions are prone to fail since they cannot handle current account surpluses and deficits. Also, having a member nation as a safeguard against failing banks is ridiculous, especially when the primary source of liquidity is the ECB and not their sovereigns. Only a central bank in a fiat money system can provide the liquidity needed. Sovereigns on the other hand would simply drain the private sectors without currency sovereignty. After all a government budget surplus implies there is a counterpart that pays the government more than it receives from it. The net flow of money means that the private sector is drained of funds. And it gets worse, especially since most of the money supply are bank liabilities. Long story short when the net payments of debt exceeds net borrowing, these bank liabilities are cancelled out and the money supply implodes. You don't want that happening when the private sector needs funds in order to recover. If some of this sounds alien, try reading about how the banking system works. An excellent primary source would be the ones doing the open market operations as well as those involved I interbank settlement.
12. How powerful is the oat?
13. How powerful is the EU????
14. Yes, the downside is lazy Greeks, kick them out!!
15. These guys are anti EU as fuck
16. What if the U.S. stop trading with China?
    What if __ stop trading with __?
    
    Let's start a new video series! =D
17. Now, I may say sound stupid here, but why is Denmark and the UK are not expected to join the Euro. Please don't be a dick about it but all I know is that there is some treaty that allows Denmark and the UK to stay out of the Euro, and I am wondering what makes them stay out; what is the treaty or some agreement that allows this?
18. Glory to EU!
19. long live the euro!
20. In montenegro is also used euro