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David is an occasional blogger, software engineer, Nintendo fanboy, liberal, news magazine addict, voracious TiVo user, and bibliophile. He was born in St. Louis, grew up in southern Indiana, and returned to St. Louis to attend Washington University. He hasn't managed to escape yet. He's a fan of free wine tastings, too many tv shows to name, and eating out. David makes his living developing web applications used internally by his employer. He doesn't blog about work because he's heard too many stories about that causing workplace troubles. There's more on the about page. |
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16 September 2003 - 2:48 pm
Is anyone surprised that the Swedes voted against joining the Euro earlier this week? Everyone is acting shocked by the large margin in the referendum -- there was a 14% gap between the yeas and the nays -- but I don't see how this vote could have gone any other way. The simple fact of the matter is that there aren't any convincing arguments for the Swedes, who have a relatively prosperous economy, to join a currency dominated by France and Germany, both of whom are in the midst of a huge recession. More to the point, France and Germany are violating the Euros internal rules on, among other things, their deficit levels. All things considered, the economic news from the euro member nations is not very positive, so the Swedes were probably well advised to stay out of that mess.
Posted by on 16 September 2003 at 2:49 PM
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