Thursday, December 13, 2012

Task 6


Many people think that trade and travel will be easy with a global currency that we all use. It might be good for people but isn’t good for organization and for government. In this essay I will write about that argument.

On the one hand, a lot of people believe each country must have its own currency for many reasons. The first reason is that the currency should belong to the country. Another reason is there are many crises are under one currency for example, in the EU they are under one currency which is euro. Because of that some countries can’t hold the tax of getting one currency and get crises such as Greece and Spain. In the EU some countries are rich and the rest are poor.

On the other hand, some people think if there is just one global currency it would be easier to trade and travel. So that people don’t need to go to an exchange and change the currency and lose some of the money for profit.

In conclusion, I believe different currencies are good to avoid the crises and financial problems.

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