Posted 17 January 2002 - 10:48 AM
There’s an interesting article about the Euro and the 3 countries in the EU excluded from it and their prospects of joining over at economist.com
HERE :)
Nessy, the formal agreement between the members of OPEC will mean that the price of oil will always remain unnaturally high due to the massive restrictions of supply.
However, this is not the case with the supermarkets and car companies, simply due to the huge competition they now face from all over Europe. The only way they could achieve this would be to achieve collusion (an informal/illegal agreement, as opposed to a cartel), which would be almost impossible to organise.
I agree with you in saying that companies are exploiting the public’s lack of knowledge of the Euro
now, but this will (hopefully) change over time, as we become more accustomed to the
€ and what it can buy us around Europe. We have to give it a little time.
Tommy
"Superstition created all the gods and angels, all the devils and ghosts, all the witches, demons and goblins, gave us all the augurs, soothsayers and prophets, filled the heavens with signs and wonders, broke the chain of cause and effect, and wrote the history of man in miracles and lies" ~ Robert Green Ingersoll