Everybody is good! I am Han Xiuyun, we will talk about economy.
This world has power, have a strong money certainly. But European country is very a lot of more, have here have by force weak, the money also makes each each, where is the base oneself upon in this how alive bound? Then these countries want to rise jointly distribute a kind of money. But you think, germany made old mark, france made old law bright, holand made again old Holand aegis, who is willing to abandon the money of own country, go using a new money? Plus, some national currencies are very costly, than German mark, some national currencies very not costly, for instance Italian lira, how can be this done together?
Be in however on January 1, 1999, a kind of new money of European was born, its name calls euro. Should say, euro is the mankind the great feat on financial history, it broke the situation of the world of dollar dominate exclusively. Today we for say euro.
I prepare to interpret 3 content
1, euro is how to be born
2, how does the United States cope with euro
3, what is the inspiration that euro gives us
The first problem, why should euro be born?
Before euro is born, a person sets out from France, taking brushstroke money to go to Europe to walk along circuit, whats do not do this fund, let it convert the money of different country, seeing this fund is much little still. For instance, he went to Germany, change French franc German mark; Went to England, change mark pound, arrived Holand, trade pound Holand aegis, arrived Switzerland, change Holand aegis Swiss franc, arrived Italy, the lira that Swiss franc changes Italy; Return France, change French franc with lira. He discovers amazedly after several money, this money what that he takes did not work, when setting out than him however little half. What did this show? Change collecting have cost.
European each country is in when trading, average sells between each country piece, how many cost must pay to convert a money? Disadvantageous also the travel between European each country. That so do?
Everybody knows, europe is Xiaoguo. Have a such joke, have a Xiaoguo, small arrive to have 1000 people only, a police one lever gun, but cannot shoot casually, if shoot,fire a person of exotic nation surely. Open European domain to look, european majority is Xiaoguo. If you by air or the train travels, one day can visit several countries. European country is not big, but economic development is very rapid however, trade dealings is very frequent, the loss is changed in great quantities collect cost. This restricted the development of European economy. From 20 centuries then 70 time begin, european think, our economic gross is not big, trade between each country, with dollar and yen settle accounts, too troublesome, also not be to one's profit? Why we cannot rise jointly, use centralized money?
But let 300 million European it is not easy to abandon native money. Cannot think of, asian finance storm happened 1997, slept lightly European country. What they discover Asian country is developed by financial storm is rare in, be defeated so that lose a family fortune, at this moment the process that the European Union begins to quicken a money to unite.
Issued euro on January 1, 1999 then. Through 3 years of experiment period, on January 1, 2002, the market of monetary make one's bow of euro, become currency. Of euro starting can be project of a huge. Allegedly, issue those who throw use charge to be as high as 160 billion to 180 billion euro from euro, spend so much silver, but euro starts the profit that brings to Europe is estimated hard however.
Want to let the 300 million much population of 12 countries, euro money is taken in same day, this process can be not completed easily, so European bank, should train all employee to run through fighting a case the means of floor, will raise fitness. In order to ensure 160 thousand banks are in on January 1, a hardship is finished in time of a day and course of wonderful exchange goods currency. But European bank was accomplished however. Go up in the world now much a kind of strong currency, this is euro.
The use of euro simplified formalities, saved time, reduce nearly 30 billion dollar convert the loss with commission. Make virtually of European Union enterprise reduced cost, enhanced competition ability. These national consumer buy articles for daily use, the price fell greatly, 12% maintenance expenses is average and managing.
Euro cent is soft with coin. In all 50 billion coin mix 15 billion pieces soft, enter current field. Lucas is in the stylist of Belgian mint the design of euro coin shows itself in the contest, his blueprint case is indicative Europe is unified. What design of euro coin obverse side uses is unified design, the reverse side issues a country to be designed by oneself by each. The characteristic that can lead him each country. And the design with soft euro has distinguishing feature alone, the design means that using the face is door window, rear bridge, show Europe's not contemporaneous different structure color, represented not contemporaneous European culture history. The arch and window design are indicative spirit that open and cooperates.
After euro issues: On the table of difficult position of single currency of a discussion Europe, a Central Bank official draws out a piece of euro soft throw on the table, he is pointing to that piece of wrinkled soft respecting: This is problem place of Europe. There are window and bridge only above!
He explains, when officials establish system of money of this one contemporary Europe, because,do not think soft on imprint whose head portrait and the debate that initiates offensive nationalism. Accordingly, they are evasive this one problem, the decision is like famous bridge to replace celebrity to print with building symbol in soft on, replace face with the building namely. General and soft go up the figure that those who imprint is national hero or leader. Audience friend, this is euro soft and other the distinction of much home money.
Here says a story to everybody, annual Chun Xiazhi is handed in, be located in Germany a western inferior treasure small town attracts worldwide attention. The person that makes special contribution for European career to those over is issued " award blocking Er " . This award founds 1950. This one famous Europe large award. 2002 " award blocking Er " issue for the first time " concept " , this " concept " it is euro. Gave euro this one special honour, because euro represented the thinking of European unifinication,be, strengthened European collective consciousness, serious politics and economic sense are had on stimulative Europe unifinication.
Euro area is patulous now to 19 members country, cover 340 million population, euro in international the place in paying holds share about 36% , hold total of foreign exchange reserve of all Central Bank 20% , euro makes the whole world the 2nd big currency and money of the 2nd large reserve. The meaning of euro cannot small look.
The 2nd, of euro and dollar contend for
Audience friend, after euro appears, hope to see euro is the United States least of all. American heart thinks, the dollar is all nation foreign exchange reserve. Euro is this the rice bowl that scrapes a dollar? The United States does not work. Had better let euro do not distribute a success, although issue hind, make euro big drop, let euro nobody wants, the United States thinks all way, make all methods let euro drop. Why? It is a long story.
70-80 time dollar drops in the round, american economy coast, the dollar is so not costly. But thin dead camel compares the dollar Martha. In leaf of 20 centuries second half, still do not have which kinds of money to be able to contend with the dollar, the dollar still holds a yuan alone large position. The United States can run amuck the world, main reason is the dollar is its back up.
Yen was exited 1985 and dollar have a trial of strength, 1991 the ruble be busy enough with one's own affairs of Russia, this is euro appeared first. Asian finance storm stimulated Europe, euro is born quickly.
12 countries of European are used same kind of money, they rise jointly have nearly 300 million population, it is an enormous challenge to the dollar. If each country is not willing to use a dollar to make foreign exchange reserve, can choose euro. Prevented euro to rise abruptly a difficult problem of the United States.
Euro was born on January 1, 1999. Open quotation price is 1 euro add 1.17 dollars, euro is more expensive than the dollar. The whole world values euro, is the dollar made why impressions? On March 24, 1999, kosovo war erupts, US-led north arranges air force bomb Saierweiya. After the war hit 73 days, Kosovo one-sided declares independence, the United States takes the lead in admitting Kosovo is a country.
Although,the dimensions of this war looks not quite, the time of regional conflict is not long also, but effect is not little however. Although each country values euro generally, this battles hit be less than a year, euro steeps fall all the way however, lowest drops to 0.82, 1 dollar is more expensive than 1 euro. does Europe have so big drop really? Not be apparently.
Kosovo war erupts, europe becomes insecure area, capital evacuates Europe and euro area quickly, result euro steeps fall all the way. People discovery or dollar are good. The United States is gratified flexibly. 2008 crisis of American happening banking, american government helps city, cause the crisis to Europe, europe debt crisis erupted 2010, economy is deep-set lair, euro begins to devalue. Did not think of euro walked out of haze actually 2017 strong rise, european economy got anabiosising. A powerful euro coruscate vigor, euro is mixed now of the dollar collecting valence is dollar of 1 euro =1.12, is euro more expensive than the dollar 10% much still? Everybody looks, one hits next returning to live tenaciously in American frequency hair the euro that come down. Really marvelous!
The 3rd one's duty is allowed, euro gives our inspiration, have the following at 3 o'clock
The first, euro appears, it is meddlesome to the whole world
The 2nd, more meddlesome to China, because foreign exchange reserve is much.
The 3rd, if the dollar has the crisis, euro can avoid a risk.
The first, euro appears is a favour to whole world each country. The foreign exchange reserve of each country need not a string of 1 in the dollar this one is cultivated on, once American economy appears problem, still other currency can be replaced, each national capital had the freedom of the choice, can choose euro to serve as the reserve of foreign currency. The monopoly position of the dollar can be broken.
The 2nd, more meddlesome to China. Chinese foreign exchange reserve is maximum, have 30 thousand much dollar.
Previously China foreign exchange reserve in very big one part buys American national debt, after 2008 banking crisis our country government thinks, we cannot regard foreign exchange reserve as so much dollar, can one part euro regards average as foreign exchange reserve, do not put the egg in a basket, want the venture that avoid exchange rate changes.
The 3rd, if the dollar has the crisis, euro can avoid danger.
In original international money system, dollar unify the whole country, but once the United States there produce the crisis, did the dollar appear how does the problem do? This meeting brings huge loss to world each country. But after euro is started, can contend with the dollar, avoid the risk of single currency, euro became a kind of currency to developing a venture.
Let us be summed up, the content that this class place interprets
Euro experienced all difficulty to survive eventually come down, this is the challenge to the United States, it is good luck to each country, it is good luck more to China. Giving us important inspiration is: Powerful nation needs to have strong money.
Is that United States in dollar how is this overlord position to take those who go? How long can it still sit?
Good! Arrive here, let us issue section class good-bye.
