B1 – Intermediate
The European Union brought on a lot of changes. One of them is the change of currency. 2017 marks the 15th year for the euro currency. Was it a good idea? Will it last for many more years? Click the link below to watch the video and express your thoughts about it.
Discussion Questions:
1. What did the video say about the challenges of the euro currency?
2. What do you remember about the events in your country when your currency changed to euro?
3. Why do you think the United Kingdom decided to keep the British pound when they joined the EU?
4. What is your opinion of having one currency?
6 replies on “The Euro Turns 15”
1. What did the video say about the challenges of the euro currency?
The great challenge is stability, for this it is necessary for European countries to harmonize fiscal and social policies
2. What do you remember about the events in your country when your currency changed to euro?
I don’t really remember, I only know that the day after the euro was introduced all the prices went up, the euro – peseta exchange rate was theoretically €1 166 pesetas, the reality reflected in the prices was €1 100 pesetas.
3. Why do you think the United Kingdom decided to keep the British pound when they joined the EU?
The United Kingdom has never had a real policy to integrate into the Union, I think they live in the past, remembering their empire with nostalgia.
4. What is your opinion of having one currency?
I think it is a good idea, but it is also necessary to have a harmonized fiscal policy.
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1. What did the video say about the challenges of the euro currency?
The video said about how was the launch of the new currency in Europe and also interview to the economist Ashraf Ards who says that Euros countries need aply new regulations.
2. What do you remember about the events in your country when your currency changed to euro?
I remember the euro currency in Spain like a nice event, everybody was excited about the change.
3. Why do you think the United Kingdom decided to keep the British pound when they joined the EU?
I think the United Kingdom didn’t want to join the EU because they thought that they wouldn’t get benefits on that.
4. What is your opinion of having one currency?
The main thing that I can say is that we lost purchasing power with the Euro.
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1. What did the video say about the challenges of the euro currency?
The economist Ashraf Ards says that Europeans countries need new regulations to establish their common ground on fiscal and social policy.
2. What do you remember about the events in your country when your currency changed to euro?
I remember some ads informing about the currency change and the procedures required to have the cash updated. I also remember that both these ads and the authorities, assured that prices will not be increased. Time showed that statement was not true.
3. Why do you think the United Kingdom decided to keep the British pound when they joined the EU?
I’m not sure about their reasons, but I guess that they were based on what they thought that was the national interest. Probably they thought that economy would not take advantage of the currency change.
4. What is your opinion of having one currency?
I think that having an unique currency in the UE is advantageous for the community. It allows having a stronger currency capable to compete internationally with other strong currencies.
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