Slovenia adopting the Euro 01.06...any effect!? | Forex Factory

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Slovenia adopting the Euro 01.06...any effect!?

  • #1
  • First Post: Nov 29, 2006 5:45am Nov 29, 2006 5:45am
Well my country will adopt the euro (is adopting),...the first and the only ex-comunist country from easteren europe that will adopt the euros starting the 1. january 2006. No matter what everybody says that consumer prices wont be effected,... they have already been raised, and will be further on (like in each euro country that has adopted the euro).

My thoughts...adopting the euro Have related costs,...not few even to the euro zone. So it should have some short bearish effect on overall inflation.

Why?....simply because it is not cheap (security,..banks, companies,...) they all will have extra costs...and what will that effect,...THE EURO currency.

My thoughts only and yours?
its just money
  • #2
  • Nov 29, 2006 6:00am Nov 29, 2006 6:00am
Quoting de123
Well my country will adopt the euro (is adopting),...the first and the only ex-comunist country from easteren europe that will adopt the euros starting the 1. january 2006. No matter what everybody says that consumer prices wont be effected,... they have already been raised, and will be further on (like in each euro country that has adopted the euro).

My thoughts...adopting the euro Have related costs,...not few even to the euro zone. So it should have some short bearish effect on overall inflation.

Why?....simply because it is not cheap (security,..banks, companies,...) they all will have extra costs...and what will that effect,...THE EURO currency.

My thoughts only and yours?
Good luck to everybody in Slovenia with EURO
  • #3
  • Nov 29, 2006 10:13am Nov 29, 2006 10:13am
that's 2007 right? who is saying that prices won't go up? probably just politicians.

I like Slovenia... they sent me lots of money before for business. I was surprised because it was an Eastern European country. Looks quite picturesque too.

I have a question. Is the language the same as in other parts of former Yugoslavia? or is it a different language?
  • #4
  • Nov 29, 2006 10:37am Nov 29, 2006 10:37am
Wikipedia has a good info on the Eurozone upcoming additions:
http://en.wikipedia.org/wiki/Eurozone
The article states that Greece was the last country to be added in 01/2001. It may be good to study the charts from around that timeframe to see if there was any Euro reaction.
In trading, there is no bullshit. You either make money or you don't.
  • #5
  • Nov 29, 2006 10:49am Nov 29, 2006 10:49am
Quoting ycomp
that's 2007 right? who is saying that prices won't go up? probably just politicians.

I like Slovenia... they sent me lots of money before for business. I was surprised because it was an Eastern European country. Looks quite picturesque too.

I have a question. Is the language the same as in other parts of former Yugoslavia? or is it a different language?
It is similar, I'll say that 60-70% of all peoples lived in Ex Yu understand each other. In Ex Yu 60% of language spoken is Serbo-croatian (Serbia, Croatia, Bosnia&Hercegovina, Monte Negro), than the rest is Slovenian, Macedonian, Albanian (kosovo)
  • #6
  • Nov 29, 2006 11:58am Nov 29, 2006 11:58am
I don't think it should have any major impact on EURUSD or other related Euro pairs but I hope your economy does better than most of the euro zone has since the euro inception. Excluding exceptions like Ireland that is.
  • #7
  • Nov 29, 2006 12:01pm Nov 29, 2006 12:01pm
Quoting SunTrader
I don't think it should have any major impact on EURUSD or other related Euro pairs but I hope your economy does better than most of the euro zone has since the euro inception. Excluding exceptions like Ireland that is.
I have no idea what the Slovenian economy is like, but I don't think you can compare it to Western Europe, which was in a mess before the Euro - if I remember correctly.

And it has such a tiny population. I think there are more people unemployed in some of the Western European countries than there are people in Slovenia.
  • #8
  • Nov 29, 2006 12:21pm Nov 29, 2006 12:21pm
Quoting Piters
It is similar, I'll say that 60-70% of all peoples lived in Ex Yu understand each other. In Ex Yu 60% of language spoken is Serbo-croatian (Serbia, Croatia, Bosnia&Hercegovina, Monte Negro), than the rest is Slovenian, Macedonian, Albanian (kosovo)
I do not want to start any discussion, just one correction:

Serbo-croatian language does not exist, there are serbian language and croatian language...similar but not the same....
  • #9
  • Nov 29, 2006 12:36pm Nov 29, 2006 12:36pm
I guess I could have been clearer. I was not suggesting that Euro was cause of most of European nations having lousy economy but it sure didn't have much benefit other than maybe in the financial arena and making it easier for tourism between the zone. They need to work on more of the underlying causes of stagnation.
  • #10
  • Nov 29, 2006 12:57pm Nov 29, 2006 12:57pm
Quoting ferovca
I do not want to start any discussion, just one correction:

Serbo-croatian language does not exist, there are serbian language and croatian language...similar but not the same....
I have been trying to understand this for sometime. So would appreciate any insight. The wikipedia article just confused me.

Are most of the words in Serbian and Croatian the same? I am wondering if people try to make a difference just for nationalistic reasons or are they actually different languages the way say Spanish is from Italian?

Is there a really big difference in accents between Serbia and Croatia?
  • #11
  • Nov 29, 2006 1:38pm Nov 29, 2006 1:38pm
Quoting ycomp
I have been trying to understand this for sometime. So would appreciate any insight. The wikipedia article just confused me.

Are most of the words in Serbian and Croatian the same? I am wondering if people try to make a difference just for nationalistic reasons or are they actually different languages the way say Spanish is from Italian?

Is there a really big difference in accents between Serbia and Croatia?
It is something like US english and UK english.... I mean, croats and serbs were mixed during the existence of Yugoslavia, so they understand each other ( then it was called serb-croatian language, but this is not the place for explaining why it was called like that)....

If your state is Croatia, your nationality is croat, then your language is also croatian...

Other BIG difference is, croats use latinics letters and serbs use cyrilic letters ( I know to read and write both, because I went to school when Yugoslavia still existed, but todays croatian kids and generation from 1991. do not know cyrilic letters)...

I hope it is clearer now...

cheers
  • #12
  • Nov 29, 2006 1:47pm Nov 29, 2006 1:47pm
cool... thanks Ferovca, now I understand better. hvala (that's one tough word to pronounce
  • #13
  • Edited 2:09pm Nov 29, 2006 2:01pm | Edited 2:09pm
Quoting ycomp
cool... thanks Ferovca, now I understand better. hvala (that's one tough word to pronounce
it is not so tough as it seems.. the problem is, it is difficult to explain how to do it... we have phrase for it: say it like you read it, letter by letter...

for example, if a word HELLO would be croatian word, we would say it HELO, but on english it is pronounced something like HELOU... hmmm, i am not sure you will get it...

nema na čemu... (try that one.... )
  • #14
  • Nov 29, 2006 2:18pm Nov 29, 2006 2:18pm
But I can pronounce it! Perfectly. I'm just saying that for an English speaker the start of this word is a bit more difficult (just meaning I have to put more effort ... but it sounds perfect

Quoting ferovca
it is not so tough as it seems.. the problem is, it is difficult to explain how to do it... we have phrase for it: say it like you read it, letter by letter...

for example, if a word HELLO would be croatian word, we would say it HELO, but on english it is pronounced something like HELOU... hmmm, i am not sure you will get it...

nema na čemu... (try that one.... )
  • #15
  • Nov 29, 2006 2:19pm Nov 29, 2006 2:19pm
Quoting ycomp
But I can pronounce it! Perfectly. I'm just saying that for an English speaker the start of this word is a bit more difficult (just meaning I have to put more effort ... but it sounds perfect


keep going....
  • #16
  • Nov 29, 2006 2:24pm Nov 29, 2006 2:24pm
Quoting SunTrader
I don't think it should have any major impact on EURUSD or other related Euro pairs but I hope your economy does better than most of the euro zone has since the euro inception. Excluding exceptions like Ireland that is.
maybe,...more likely,...but on the other hand,...like ernesto didnt had any influence on the oil price...
its just money
  • #17
  • Nov 29, 2006 3:02pm Nov 29, 2006 3:02pm
sorry about going a bit off-topic on this thread before...

I am no expert of course, but it just seems to me that Slovenia is such a tiny country compared to the total size of of the Eurozone, that is shouldn't have much impact on the Euro.
  • #18
  • Nov 29, 2006 4:56pm Nov 29, 2006 4:56pm
  •  McD
  • | Joined Aug 2006 | Status: -Pecunia non olet- | 24 Posts
Yeah,be prepared for even higher prices since no
retailer will miss out on the opportunity to "adjust"
prices (while many customers are confused even if the
one time "exchange rate" is easy as 1:2 or something
like that).
For me ,the EURO is a politically driven annoyance and
I can't see any advantage other than for politics.

Did you have a referendum on that ?

I'm afraid,there is no easy way out of that once you're
in ...



Quoting de123
Well my country will adopt the euro (is adopting),...the first and the only ex-comunist country from easteren europe that will adopt the euros starting the 1. january 2006. No matter what everybody says that consumer prices wont be effected,... they have already been raised, and will be further on (like in each euro country that has adopted the euro).

My thoughts...adopting the euro Have related costs,...not few even to the euro zone. So it should have some short bearish effect on overall inflation.

Why?....simply because it is not cheap (security,..banks, companies,...) they all will have extra costs...and what will that effect,...THE EURO currency.

My thoughts only and yours?
  • #19
  • Nov 29, 2006 7:43pm Nov 29, 2006 7:43pm
Okay, here's my 2 cents on any currency taking on a new economy. When the Euro is adopted by Slovenia the physical supply of Euros will have to be increased in order to accomodate consumers and merchants there. Increasing the supply of any currency will cause its value to drop, even if there are takers for the increase in supply.

Another thing to think about and study before this occurs is the German reunification. While many economic circumstances were much worse, (DDR vs. BRD economies were very disparate, one failing Communist and one successful Socialist), just the increase in DM supply probably had a negative effect on the value of DM. I have to look into this because I'm assuming right now, but if anyone else wants to share notes let's do it on this thread!
"The time to act is when others show signs of tire." --W.D. Gann
  • #20
  • Nov 30, 2006 2:50am Nov 30, 2006 2:50am
:For me ,the EURO is a politically driven annoyance and
I can't see any advantage other than for politics.

Did you have a referendum on that ?
Not for euro adopting,...but there was 2 referendum to join to euro and nato at once. 90% Yes for the euro and 51 % Yes for the Nato,...right AFTER the invasion on the Iraq....Each political party was promoting ...to go to Nato.
Like that wasnt enough,...we were the leaders of Vilnius declaration,...we did seek political aproval from easteren europe and the usa did lend us the money to vote Yes for Nato in return.
After the invasion on the Iraq,...a week later....the majority people shit their pants, and so we are now still in War.
its just money
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