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Greece wants ancient bridge on banknotes
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In article ,
John Stone wrote: http://www.mpa.gr/article.html?doc_id=478658 It's not "Greece wants". A single Greek deputy to the European Parliament is suggesting that the Mycenae Bridge be depicted on the one- or two-euro banknotes "to be issued shortly". All the other architecture on euro notes is fake, synthesized to look appropriate to some period, right? More interesting is the notion of small-denomination euro notes. The story has The circulation of 1 and 2 euro banknotes is being considered in the effort to deal with high prices and the speculation phenomena observed in many EU member-states after the replacement of their national currencies. That makes no sense to me. How does notes versus coins affect high prices or speculation? It's simply a matter of weight versus durability, and also conversion of vending machines. ... OK, Googling further I see http://quickstart.clari.net/qs_se/webnews/wed/cq/Qeu-eurozone-economy-ecb.RVhq_DO6.html, a 2003 article from Agence France-Presse, including Replacing one-euro coins with notes would also have an "impression on inflation" by giving the psychological impression that bills are worth more, Reynders said, adding he had also asked the ECB to look into the matter. http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm has an Associated Press article from 2002: The European Central Bank is reviewing whether to issue 1- or 2-euro banknotes in addition to the existing coins, a spokesman said Friday, after officials in some countries said small bills would be more convenient. Bank spokesman Manfred Koerber said bank officials were reviewing the lineup of banknotes. "What we are doing is we are making a stock-taking of all the arguments exchanged years ago" in preparation for the introduction of euro cash on Jan. 1 this year, Koerber said. Currently, however, "there are no plans to introduce low denomination bills," he said. The above AFP also talks about such an evaluation, ECB President Wim Duisenberg had indicated at the meeting that a report on the pros and cons of introducing the smaller denomination banknotes would be issued by the end of 2004, a spokesmen said Tuesday. The second series of euro bills is scheduled to begin in 2005. ... Eugenio Domingo Solans, a member of the bank's executive board, said last month that "the one-euro banknote is something which is not currently on the agenda" of the ECB's policy-setting governing council. "After the changeover and the huge efforts made to have the euro accepted, I don't think it's the right moment to have this issue on our agenda," he added. And some governments are reluctant to revisit the issue so soon after the currency's launch, which was marked by rancorous debate in the EU over what designs should go on euro notes. From various articles, it looks like some countries that used to have low-value banknotes want low-value euro notes, and the other countries that used to not have them before still don't want them in euros. -- Tim McDaniel; Reply-To: |
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In article ,
Padraic Brown wrote: On 11 Sep 2004 21:26:08 -0500, (Tim McDaniel) wrote: http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm has an Associated Press article from 2002: The European Central Bank is reviewing whether to issue 1- or 2-euro banknotes in addition to the existing coins, a spokesman said Friday, after officials in some countries said small bills would be more convenient. Welll, well! Looks like there are a lot of "crypto-Americans" out there in Euroland after all! Now, now, please don't toss flamebait in here like that. I wrote From various articles, it looks like some countries that used to have low-value banknotes want low-value euro notes, and the other countries that used to not have them before still don't want them in euros. The two examples I recall are Austria (20-shilling note) and Italy (BIGNUM lira note), both worth considerably less than one euro. -- Tim McDaniel; Reply-To: |
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On Sun, 12 Sep 2004 16:22:56 GMT, "Dik T. Winter"
wrote: In article writes: Welll, well! Looks like there are a lot of "crypto-Americans" out there in Euroland after all! Now, now, please don't toss flamebait in here like that. I wrote I do not think it was intended as such. It was just a mild joke at a remark I had made (also joking) in another article in another newsgroup. Indeed. And another (Christian, I think) was in on that one as well. I simply find it worth a sarcastic remark that euroland went to all the trouble to GET RID of low value notes and replace them with coins. A sensible move, in my opinion. And now they want to go back to the old situation? Padraic. la cieurgeourea provoer mal trasfu ast meiyoer ke 'l andrext ben trasfu. |
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In article Padraic Brown writes:
.... Indeed. And another (Christian, I think) was in on that one as well. I simply find it worth a sarcastic remark that euroland went to all the trouble to GET RID of low value notes and replace them with coins. A sensible move, in my opinion. And now they want to go back to the old situation? I think the situation is a bit involved. In the Netherlands nothing was gotten rid off. The smallest note was DFL 10, EUR 5 is only slightly more. The largest coin was DFL 5, and EUR 2 is a bit less. Something similar in Germany, where the smallest note of 5 Mark barely did circulate, but the 5 Mark coin was widely used. In Ireland the smallest note was 5 punt, about equal to EUR 5. I do not know what the value of the smallest Finnish note was, but I suspect something similar. So in those countries virtually nothing was changed. As I understand it the move only comes from Italy, Austria and Greece, and they had indeed some really small value notes. In the other countries the cut-off between coins and notes was also higher, so that the new cut-off was not much higher than before. It will take some more time for this to settle. -- dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131 home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/ |
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