Greece wants ancient bridge on banknotes

Greece wants ancient bridge on banknotes

Post by John Sto » Sat, 11 Sep 2004 21:01:47



http://www.mpa.gr/article.html?doc_id=478658
 
 
 

Greece wants ancient bridge on banknotes

Post by Tim McDani » Mon, 13 Sep 2004 11:26:08



<http://www.mpa.gr/article.html?doc_id=478658>

It's not "Greece wants".  A single Greek deputy to the European
Parliament is suggesting that the Mycenae Bridge be depicted on the
one- or two-euro banknotes "to be issued shortly".

All the other architecture on euro notes is fake, synthesized to look
appropriate to some period, right?

More interesting is the notion of small-denomination euro notes.
The story has

    The circulation of 1 and 2 euro banknotes is being considered in
    the effort to deal with high prices and the speculation phenomena
    observed in many EU member-states after the replacement of their
    national currencies.

That makes no sense to me.  How does notes versus coins affect high
prices or speculation?  It's simply a matter of weight versus
durability, and also conversion of vending machines. ... OK, Googling
further I see
<http://quickstart.clari.net/qs_se/webnews/wed/cq/Qeu-eurozone-economy...>,
a 2003 article from Agence France-Presse, including

    Replacing one-euro coins with notes would also have an "impression
    on inflation" by giving the psychological impression that bills
    are worth more, Reynders said, adding he had also asked the ECB to
    look into the matter.

<http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm> has
an Associated Press article from 2002:

    The European Central Bank is reviewing whether to issue 1- or
    2-euro banknotes in addition to the existing coins, a spokesman
    said Friday, after officials in some countries said small bills
    would be more convenient.

    Bank spokesman Manfred Koerber said bank officials were reviewing
    the lineup of banknotes. "What we are doing is we are making a
    stock-taking of all the arguments exchanged years ago" in
    preparation for the introduction of euro cash on Jan. 1 this year,
    Koerber said.

    Currently, however, "there are no plans to introduce low
    denomination bills," he said.

The above AFP also talks about such an evaluation,

    ECB President Wim Duisenberg had indicated at the meeting that a
    report on the pros and cons of introducing the smaller
    denomination banknotes would be issued by the end of 2004, a
    spokesmen said Tuesday.

    The second series of euro bills is scheduled to begin in 2005. ...

    Eugenio Domingo Solans, a member of the bank's executive board,
    said last month that "the one-euro banknote is something which is
    not currently on the agenda" of the ECB's policy-setting governing
    council.

    "After the changeover and the huge efforts made to have the euro
    accepted, I don't think it's the right moment to have this issue
    on our agenda," he added.

    And some governments are reluctant to revisit the issue so soon
    after the currency's launch, which was marked by rancorous debate
    in the EU over what designs should go on euro notes.

 From various articles, it looks like some countries that used to have
low-value banknotes want low-value euro notes, and the other countries
that used to not have them before still don't want them in euros.

--


 
 
 

Greece wants ancient bridge on banknotes

Post by Padraic Brow » Mon, 13 Sep 2004 12:25:06



Quote:
><http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm> has
>an Associated Press article from 2002:

>    The European Central Bank is reviewing whether to issue 1- or
>    2-euro banknotes in addition to the existing coins, a spokesman
>    said Friday, after officials in some countries said small bills
>    would be more convenient.

Welll, well! Looks like there are a lot of "crypto-Americans" out
there in Euroland after all!

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

 
 
 

Greece wants ancient bridge on banknotes

Post by Tim McDani » Mon, 13 Sep 2004 13:15:17




Quote:

>><http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm> has
>>an Associated Press article from 2002:

>>    The European Central Bank is reviewing whether to issue 1- or
>>    2-euro banknotes in addition to the existing coins, a spokesman
>>    said Friday, after officials in some countries said small bills
>>    would be more convenient.

>Welll, well! Looks like there are a lot of "crypto-Americans" out
>there in Euroland after all!

Now, now, please don't toss flamebait in here like that.  I wrote

    From various articles, it looks like some countries that used to
    have low-value banknotes want low-value euro notes, and the other
    countries that used to not have them before still don't want them
    in euros.

The two examples I recall are Austria (20-shilling note) and Italy
(<BIGNUM> lira note), both worth considerably less than one euro.

--

 
 
 

Greece wants ancient bridge on banknotes

Post by Dik T. Winte » Tue, 14 Sep 2004 01:22:56





 > >><http://www.turkishdailynews.com/old_editions/12_16_02/econ.htm> has
 > >>an Associated Press article from 2002:
 > >>
 > >>    The European Central Bank is reviewing whether to issue 1- or
 > >>    2-euro banknotes in addition to the existing coins, a spokesman
 > >>    said Friday, after officials in some countries said small bills
 > >>    would be more convenient.
 > >
 > >Welll, well! Looks like there are a lot of "crypto-Americans" out
 > >there in Euroland after all!
 >
 > Now, now, please don't toss flamebait in here like that.  I wrote

I do not think it was intended as such.  It was just a mild joke at a
remark I had made (also joking) in another article in another newsgroup.
--
dik t. winter, cwi, kruislaan 413, 1098 sj  amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn  amsterdam, nederland; http://www.cwi.nl/~dik/

 
 
 

Greece wants ancient bridge on banknotes

Post by Padraic Brow » Tue, 14 Sep 2004 03:28:37




Quote:

> > >Welll, well! Looks like there are a lot of "crypto-Americans" out
> > >there in Euroland after all!

> > Now, now, please don't toss flamebait in here like that.  I wrote

>I do not think it was intended as such.  It was just a mild joke at a
>remark I had made (also joking) in another article in another newsgroup.

Indeed. And another (Christian, I think) was in on that one as well. I
simply find it worth a sarcastic remark that euroland went to all the
trouble to GET RID of low value notes and replace them with coins. A
sensible move, in my opinion. And now they want to go back to the old
situation?

Padraic.

la cieurgeourea provoer mal trasfu
ast meiyoer ke 'l andrext ben trasfu.

 
 
 

Greece wants ancient bridge on banknotes

Post by Dik T. Winte » Tue, 14 Sep 2004 09:17:13



...
 > Indeed. And another (Christian, I think) was in on that one as well. I
 > simply find it worth a sarcastic remark that euroland went to all the
 > trouble to GET RID of low value notes and replace them with coins. A
 > sensible move, in my opinion. And now they want to go back to the old
 > situation?

I think the situation is a bit involved.  In the Netherlands nothing was
gotten rid off.  The smallest note was DFL 10, EUR 5 is only slightly
more.  The largest coin was DFL 5, and EUR 2 is a bit less.  Something
similar in Germany, where the smallest note of 5 Mark barely did
circulate, but the 5 Mark coin was widely used.  In Ireland the smallest
note was 5 punt, about equal to EUR 5.  I do not know what the value of
the smallest Finnish note was, but I suspect something similar.  So in
those countries virtually nothing was changed.  As I understand it the
move only comes from Italy, Austria and Greece, and they had indeed some
really small value notes.  In the other countries the cut-off between
coins and notes was also higher, so that the new cut-off was not much
higher than before.

It will take some more time for this to settle.
--
dik t. winter, cwi, kruislaan 413, 1098 sj  amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn  amsterdam, nederland; http://www.cwi.nl/~dik/