Congratulations to Slovakia on new currency. It seems that they are doing economically very good and are well managed. If I remeber correctly they have 19% flat tax on personal income, captial gains and corporate. However I think the secret of their success was tasty and cheap beer
Sky News, carried the story of the Slovak accession, which corresponds to the 10th anniversary of the creation of the Euro, by using the phrases “the still controversial single currency” and saying that is was nearing a miles stone of being “worth almost one of our British pounds”.
I was just talking to alot of English people or people using the pound over Christmas who were nicely shocked by the conversion rate, it’s gone on for a while, I remember an American friend moaning about the relative weakness of the dollar in 2006… I really should start ending these conversations by handing them a banana.
Actually an English guy was thinking that local tourism in the UK is likely to get a severe bounce this year.