The euro. Economics or Politics.

An interview i have just listened is called "The euro : politics before economics". Stave Edwardsif i understood it currentky asked a few interesting questions. As we know, euro zone consists of sixteen counteries which the same currency.
Should Greece and Germany, for example, have the same currency? Taking into account the fact that they have so different economies. For example he tells us about dollas zone, as like US. And he points the fact that states like Alabama and California also have different economies, but they exist pretty smoothly together.
To get some more illumination speaker asks Steaven Belleys( chief economist of GFC investment; worked in Deutche Bank) a few questions, suck as: What does a common currency area like the euro zone function smootly and when does it have problems? The US has a common currency. How do differences thrtr get ironed out?
He tells us that small countries like Spain and Greece have the same problems. And all common currency areas can have problems because of different recessions, development etc. rates.


This statue was very hard for me to understand. And i have listened most of it's parts for 2 or even 3 times. And nearly 50% of words were unknown to me. Now i know that main problem of my english - lack of vocabulary. I will try to dissmiss it.

Euro Optimism

So, i have just listened to audio broadcast "Euro optimism". As i uderstood the leaders of Europe said that they have agreed a plan to elp Greece overcome its deep financialcrisis and safeguard Europe's embattled common currency, the euro. But how this will be done is still unknown.

Lesley Curwen asks Romano Prodi(2 times served as Italy's Prime Minister, and was President of the European Commission in 1999-204) how worried Europe should be. He also declines the idea that euro might collapse. And he says that Europe will be able to help Greece, without needing any money supply from the International Monetary Fund.

Also, we heard Gordon Guthrie as he is about to start his latest internet venture.
And milatary economist Professor Ron Smith of Birkbeck CollegeLondon explains why some countries might want to take the radical step of destroying their armies.

To sum up, I would like to say, that Euro Zone is not going to "leave Greece alone" in such a difficult situation. Of course we know what is going on there. But i hope that everything will normalize and financial crisis will be over.

It was quite difficult for me to understand everything what they weresaying, that's why i had to stop and translate some words or even listen to it again. Unfortunately, each person has hs or her own accent that's why the pronunciations of some people were incomprehansible.