Archived posting to the Leica Users Group, 1998/08/19

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Subject: Re: [Leica] OT: Currency (was: Pocket camera replacement)
From: Dominique PELLISSIER <pelliss@droit-eco.u-nancy.fr>
Date: Wed, 19 Aug 1998 12:38:55 +0200

>From: Nathan Wajsman <nathan.wajsman@euronet.be>
>Date: Tue, 18 Aug 1998 19:40:28 +0200
>Subject: Re: [Leica] OT: Currency (was: Pocket camera replacement)
>
>Martin V. Howard wrote:
>
 I for one am going to welcome the introduction of the Euro...

Not me... First, the ease with which I convert NLG to BEF in my head
(18.7)etc. greatly impresses my wife. Secondly, the same nice people who
brought you the Euro are the ones who want to take the fermented herring
away from the Swedes and dictate the shape of cucumbers in Denmark. I do
not think I want them running my monetary system.
>
>Nathan

>From: Pascal <cyberdog@ibm.net>
>Date: Tue, 18 Aug 1998 21:14:42 +0200
>Subject: Re: [Leica] OT: Currency (was: Pocket camera replacement)

>Nathan:
>
>I second your opinion. Without wanting to start a debate, benefits are
mainly for big industries and trade, not for the common individuals in ou=
r
countries.
It might prove a very difficult transition in practice for a lot of peopl=
e.

Pascal

Comment : for an individual, the Euro will allow :
1=B0) to compare directly the price of goods, Leica for instance, anywher=
e in
Europe.Competition between Leica dealers will be stronger.
2=B0) not to pay the "spread" on the exchange rates between european moni=
es
as it is the case today.=20
For instance, I read : 322-346 FRF for 100 DEM.The spread is the
difference. If I buy 100 DEM, my bank asks me 346 FRF. If I don't want my
Dmarks any more, my bank will buy them again 322 FRF.

I agree with you on the "eurocracy" which is like a federal government.

Dominique =20