Monday, June 8, 2009

June 8, 2009

Our last day in Germany. It is sad to leave tomorrow, I really like it here. Even worse, the Greers are leaving tomorrow and we all are going to miss them. He was a great prof who was really down to earth... emotions aside, haha on to today.



The European Central Bank

We took our exam this morning and I am pretty confident that I did well. It was nice today to not have to worry about any work, we can relax tonight and we have the whole day tomorrow to do nothing but sit on a bus. Immediately after the exam we headed into Frankfurt, or Bankfurt as they call it. Unfortunately, on the bus I had realized I had forgotten my passport, which I needed to get into the European Central Bank with. Fortunately I had my drivers license with me, so we just hoped that it worked. We got to grab lunch first, only I didn't get anything. I am out of Euros and I don't want to exchange any more of my money as no place in Europe seems to accept credit cards. And yes, even McDonalds doesn't accept credit. So, no lunch and no passport. It was a great day in Frankfurt so far. We went into the European Central Bank (ECB) and I got through security. The lady wasn't too happy that I gave her my license and she said that next time I would need my passport. Well lady, there won't be a next time. Both presentations today were good, I won't go into detail, most of you won't be interested in what was said. I can give you the fyi that they are going to roll out new Euro notes (bills) in the next few years. Ooohh exciting.

 
What is more interesting is the European's opinion on the validity of the dollar. Currently, the dollar is the standard of world currencies. Everything is compared to it and most international trade is done with it. However, due to our current presidents economic policies many think that the value of the dollar is going to decline drastically. The presenter today said it may be wise in the coming years to begin using the Euro as the standard. This may even teach the Americans a little fiscal responsibility (rather than spend spend spend!) I think it is not just a good idea, but it may become a necessity. So now I am sitting at a cafe outside with some other IBIers, this cafe offers free internet so it is a hot spot for us all. Dinner is coming soon. I must pack tonight and tomorrow early in the morning we leave for Prague.

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