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<p>[QUOTE="scottishmoney, post: 470260, member: 12789"]But of course that doesn't apply to Turkey, which in French thinking is a Middle Eastern and NOT European country. But in a way, I will opin I agree with them. Turkey is not at the forefront in democracy, has heavy handed means of dealing with internal and external strife, and a high probability of a conflict involving the Kurds inside Turkey and externally in Iraq.</p><p><br /></p><p>Iceland is one of the few remaining members of EFTA, which also includes Norway and Switzerland and perhaps the Faeroes(?), but at least EFTA has agreements in kind with the EU. Iceland has a major problem in that it's economy is not diversified, and is VERY vulnerable as the recent banking crisis has exposed recently. The Icelandic Kronur has taken a huge hit recently, and will continue to do so. It has a history of being re-valued before too.</p><p><br /></p><p>In my estimation Bulgaria and Romania were given freebie passes into the EU, and are farther behind economically than either Poland or Czech Republic which had to wait much longer. Poor Poland, had to wait ten years to finally throw off the communists, then wait to get into the EU, which it is finally - but still not in the currency band yet - but the zlotych has faired reasonably well since it was re-valued.</p><p><br /></p><p>In retrospect I believe the EU will agree that bringing in the new E. Europe members was a good thing, but that perhaps it should have been done a bit more methodically like the rest of the countries that joined, especially the countries that struggled to get on board with the Euro ie Italy, Greece etc. that are still having some degree of regret about it.</p><p><br /></p><p>And the £ Sterling has taken yet another bite from the dollar yet again today, goodie, as now I can buy things from British dealers on the cheap should I decide so again.[/QUOTE]</p><p><br /></p>
[QUOTE="scottishmoney, post: 470260, member: 12789"]But of course that doesn't apply to Turkey, which in French thinking is a Middle Eastern and NOT European country. But in a way, I will opin I agree with them. Turkey is not at the forefront in democracy, has heavy handed means of dealing with internal and external strife, and a high probability of a conflict involving the Kurds inside Turkey and externally in Iraq. Iceland is one of the few remaining members of EFTA, which also includes Norway and Switzerland and perhaps the Faeroes(?), but at least EFTA has agreements in kind with the EU. Iceland has a major problem in that it's economy is not diversified, and is VERY vulnerable as the recent banking crisis has exposed recently. The Icelandic Kronur has taken a huge hit recently, and will continue to do so. It has a history of being re-valued before too. In my estimation Bulgaria and Romania were given freebie passes into the EU, and are farther behind economically than either Poland or Czech Republic which had to wait much longer. Poor Poland, had to wait ten years to finally throw off the communists, then wait to get into the EU, which it is finally - but still not in the currency band yet - but the zlotych has faired reasonably well since it was re-valued. In retrospect I believe the EU will agree that bringing in the new E. Europe members was a good thing, but that perhaps it should have been done a bit more methodically like the rest of the countries that joined, especially the countries that struggled to get on board with the Euro ie Italy, Greece etc. that are still having some degree of regret about it. And the £ Sterling has taken yet another bite from the dollar yet again today, goodie, as now I can buy things from British dealers on the cheap should I decide so again.[/QUOTE]
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