Subject:
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Re: Euro
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Newsgroups:
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lugnet.loc.eu
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Date:
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Sat, 1 Sep 2001 22:05:18 GMT
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Viewed:
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2362 times
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In lugnet.loc.eu, Manfred Moolhuysen writes:
> In lugnet.loc.eu, Pedro Silva writes:
> > Hi all,
> >
> > The European Central Bank has officially presented the Euro banknotes
> > yesterday, so I thought this was the best moment to ask: are all of you
> > ready for the upcoming change in currency throughout Europe?
> > I mean, those of you who live inside the eurozone and want to make deals
> > within the same zone can now use the same money! Isn't it great?
>
> I agree, and I'm ready for it. But are the banks also ? In my opinion, it
> should be made possible to transfer money by giro withoud any fees to any
> place in the eurozone. Banks will have considerably lest costs when they
> stop handeling all those different currencies, and they earn enought money
> from the day interests they recieve from holding back transfers a few days
> (See their huge profits). But despite this, in the last year banks have been
> trying to make up phoney fees and costs as "compensation" for the change
> fees they are going to loose. I sure hope the European Goverment succeeds in
> stopping them.
Yeah, I've noticed. I paid 5000 ESP last February in Spain, and my bank
charged me about 6000 PTE (which is the exact conversion) **PLUS** 500 PTE
for fees! A real shame, I was expecting that intra-europe fees had been
abolished (or at least greatly reduced).
But this is not something "new", it is a very old procedure that is only
today getting "visible" for the general public. In short term, I believe
that this sort of fee will be abolished, by popular pressure (The people
will complain: "What has the Euro brought us? We keep paying the same...",
and the banks will eventually comply)
I am not really intending to do purchases outside Portugal frequently, nor
in great value, so I can just send a banknote by mail when I trust the
seller. So I will not be experiencing this sort of problem frequently. It is
just great that there is no longer an exchange-risk, nor the frequent stress
when travelling abroad and making frequent "brainwork" for simple things
such as buying the paper or a coffee.
> Only a pitty those U.S. citizins are not joining us, those dull notes could
> use a restyling job :-) I remember that in the early 70th we Dutch where one
> of the first countries having very colorfull banknotes, and visiting
> North-americans changing Dollars for Guilders where always higly amazed when
> they recieved back someting looking like "Monopoly money" to them, in return
> of their trustworthy green ones.
Eh eh eh... I couldn't agree more! But it is not *our* loss... ;-)
And yes, these new banknotes are really beautiful! My compliments to the ECB
for having chosen these designs!
Regards,
Pedro
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Message is in Reply To:
 | | Re: Euro
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| (...) I agree, and I'm ready for it. But are the banks also ? In my opinion, it should be made possible to transfer money by giro withoud any fees to any place in the eurozone. Banks will have considerably lest costs when they stop handeling all (...) (23 years ago, 31-Aug-01, to lugnet.loc.eu)
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