posted on Dec, 1 2011 @ 04:20 AM
I have just had this idea and I think the Eurozone should definately consider this. In europe those countries that use the Euro all use Euro's but
each nation has their own notes and coins. Why doesn't the euro take action by making a two tier Euro with 2 seperate exchange rates. This would be
easy to do as they could keep the notes they have now and slowly phase them out with more obvious differences.
Why would this solve the crisis you ask?
Well if nations like Italy, Greece, Ireland, Spain, Portugal were all allowed in the second tier currency then they could collectivley weaken the
currency, which will in turn strengthen their exports and improve their holiday industry of which they have relied upon for so many years pre euro.
On top of this, any money the UK, France and Germany would lend them would in the short term spread much further accross their economies.
When the crisis is resolved there could be a future merger of the curriencies again but only when each nation is ready.