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Originally Posted by waste gate
Trading with who?
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Internal trading within the Union. It removes exchange rate costs, which can be a real pain if you're doing cross-border business. It's also wonderful for traveling, holidays and the like. The change I get from a fiver in Dublin can buy me a newspaper in Koln. I love that.
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The EU, and specutalors still exist. Currency is exchanged by speculators gambling on highs and lows every day of the week.
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I know what currency speculating is. And I know that currency speculators still operate. But no longer do they bet on Eurozone currencies, because my golly there's only one. I thought that was obvious.