Sunday, December 19, 2010

Euro Currency Creator Dies

Tommaso Padoa-Schioppa, an Italian economist who was the brains behind the creation of the Euro, died recently. The dry BBC obit tells the story.

I still have some pre-Euro currency sitting someplace in our residence. Confident French francs, many-zeroed Italian lire, serious Deutsche Marks, some Dutch guilders are part of the grab bag of now worthless coins and folding money. While the Euro has made currency transactions in Europe far easier, I miss the various sovereign coins of the realm. The Euro lacks a certain soul that coins celebrating "liberte, fraternite, equalite" proclaim. One wonders, given Europe's current financial crisis, if we'll see a return to national coinage. If that happens, I'll be ready for it.









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