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Thread: EU considers withdrawal of 1 and 2 euro cent coins

  1. #1
    Politics.ie Member
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    Default EU considers withdrawal of 1 and 2 euro cent coins

    EUobserver.com / Economic Affairs / EU considers withdrawal of 1 and 2 euro cent coins

    in Holland they round 1,2,8,9 up or down to 0 and 3,4,6,7 up/down to 5.

    I've a feeling they'll be rounding everything up in Ireland.

    Will this cause inflation - the Germans won't like it if it does.

    personally I'll be delighted if they get rid of them.

    Berlin - The European Commission on Tuesday (14 May) tabled several scenarios for the withdrawal of the 1 and 2 euro cent coins, with the cost of printing these coins greater than their use.


    "The production of 1 and 2 cent coins is clearly a loss-making activity for the euro area with the difference between the face value of the coins and the price paid by the state to get them pointing at an estimated total cumulative loss of €1.4 billion since 2002," the commission said in a press release.

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    Politics.ie Member Honecker's Avatar
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    Good. Those coins are a pain in the hole.

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    Politics.ie Member APettigrew92's Avatar
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    The scourge of every Cashier like myself.

    The Finns round their currency up as it is. 1 and 2 cent coins cost more to produce than they're worth.

    Simple common sense coming into play. Only 12 years later.
    Avarus animus nullo satiatur lucro - Latin Proverb

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    Politics.ie Member Analyzer's Avatar
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    Presumably this is because the metal in the coins is worth more tha 1% or 2% of a Euro.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    any chance they would pull the coins and notes
    this farce of a curency union has destroyed europe

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    Politics.ie Member ruserious's Avatar
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    5cent jellies. Feck that!
    Boycott the "Irish" Sun rag.

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    Politics.ie Member APettigrew92's Avatar
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    Quote Originally Posted by ruserious View Post
    5cent jellies. Feck that!
    They haven't had 1 cent jellies for a while now.

    5 cent is the standard going rate.
    Avarus animus nullo satiatur lucro - Latin Proverb

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by ruserious View Post
    5cent jellies. Feck that!
    Did you ever buy just one?

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    Politics.ie Member Clanrickard's Avatar
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    People will round up that is for sure.

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    Politics.ie Member ruserious's Avatar
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    Quote Originally Posted by seabhcan View Post
    Did you ever buy just one?
    No....but....my rights are being impeded clearly
    Boycott the "Irish" Sun rag.

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