Kkshanana90:


Greece has always been in trouble since time immemorial. You can read more on the historical origin of Greece Sovereign Debt Crisis. Greece economy is even now relatively better!

Italy’s case is not the result of adopting the Euros. Italy’s demographic structure is getting worse. The country is experiencing aging population. This affects productivity. Yet it is the first point of arrival for refugees and asylum seekers in Europe. Refugees who remain in Italy mainly do illegal jobs yet they are being paid monthly stipends. They are therefore not being productive! In Germany, they are well utilized.

I can go on. Why didn’t you mention France, Austria, Belgium and the Netherlands? The problem is not the Euros, it is domestic policy failures!

AdolfHitlerxXx:
.

Benekruku:
Great.

The sleeping giant will rise one day.


I miss Ghadaffi!

Cadec007:
you know this!!!!!!!!!!!!
I salute you sir

Benekruku:


Thanks for the compliment!

Much appreciated!

Ugosample:



smh

You are not getting my point

those countries in trouble would have saved themselves if they have not lost their monetary sovereignty t to a central bank in Brussels
If there central banks were still central banks, the countries would have saved themselves easily
but becayse they had no control over their monetary issues, their situation for worse

Okay imagine a Nigeria under Buhari in 2016

You really think the cbn would have practiced all manners of experiment if Nigeria were using this fvckin "ECO"?

We would have been double fvcked

not to think that these our neighbours are still tied to the apron strings of France by choice

You really think France will not use back door to influence policy decisions (these countries are ever ready to please France)
with that happening don't you know we are screwed ?

The dynamics are not just right


economic union is good

promoting trade is good

but evetinr should keep there currencies

NAFTA volume of trade is massive

but then

the U.S. Canada and Mexico still kedps their currencies

the NAFTA model will suit ECOWAS better than this experiment

Cadec007:
sad the rest of Africa don't share the same vision.. Or perhaps they do but conflict is a barrier... Case study North Africa....

Benekruku:


Africa is presently blind!

Trust me, the front runners are void and look inwards. The west are smart enough to have taken the most dogged man that was ready to front on this course.

Africa is a sleeping giant! A continent blessed with ALL

Samchelsea:
And the Nigerian president agreed to all those critea listed?....something he hasn't achieved in 4years, he wants to achieve in 6months? How?....we wait and watch.

Okoroawusa:

I think it will benefit Nigeria the more because majority of its users would be Nigerians n most goods bought with it would be Nigerian goods or goods brought into the region by Nigerians.

My question is-- how or why did France allow this to happen?

Kkshanana90:


Lol. I get your point. I think if we continue to present our opposing views on the adoption of ECO, the conversation will be endless. Needless to say, it was a great exchange!

Like I mentioned earlier (can’t recall if it was in a conversation with you), it has its merits and demerits. Let’s see what happens in the future!

post=79880676:
Nigeria, whose oil-dependent economy accounts for two-thirds of the region's GDP, would likely dominate a future monetary zone and has so far been sceptical about its benefits.

Economists compare the "Nigeria factor" to Germany's dominance in the eurozone, questioning whether sometimes disparate economies with varying levels of debt and deficits can successfully share the same currency.

The multi-year eurozone debt crisis, was proof that single currencies -- when badly implemented -- can have a catastrophic economic impact.

West African single currency should not necessarily be the top priority.

[color=#006600][/color] view on this : You should first improve the implementation of existing ECOWAS trading agreements, then improve the physical infrastructure,
The third more pressing issue would be the ability to trade in every country's native currency, without using a third currency like euro or dollars.

Smh!
Anyways, you have been noticed!!

IAmTobore:
(Replying to your picture) Ignorance is truly a disease. I don't know what else to say.

asuustrike1:

So those Franco countries still depend on France?

martineverest:
eco has been existing since Obasanjo era....

FrMbaka:



Him dey do copy and paste,

Sometimes I google his comment and found it elsewhere exactly

Offpoint:

Afro na hairstyle naw, dem for call am Afric.
Eco ko Eco bank ni