2006-10-03 17:00:24 · 4 answers · asked by arushi B 1 in Business & Finance ➔ Other - Business & Finance
The largest disadvantage is that the individual member countries cannot employ monetary policy in their overall economic strategies. Some other notable disadvantages are the dimunition of sovereignty and the necessity of strong price adjustments to adjust for regional differences. The US also had to stuggle with these problems, but we did it over 100 years ago when the economy wasn't nearly as developed as it is now.
2006-10-03 17:11:27 · answer #1 · answered by szydkids 5 · 0⤊ 0⤋
countries that were very propserous and richer than other surrounding country's are all the same and not as rich anymore where poor countries are now richer,take Germany once richer than say Ireland,since Ireland joined the EU and adopted the euro Ireland is know very prosperous and Germany is a tad upset,that just one thing
2006-10-03 17:10:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Governments can't print all the money they need to pay for the enormous cost of government and over payed-over numbered civil servants ,so they raise taxes ,prices go up ,they raise taxes......
Mac
A European
2006-10-04 11:15:45 · answer #3 · answered by Mac 3 · 0⤊ 0⤋
not all countries in Europe accept that currency as payment such as England
2006-10-03 17:04:33 · answer #4 · answered by Joseph M 2 · 0⤊ 0⤋