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Europe Intelligence Wire

| April 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Slovak Spectator)

Re: Reader feedback: Just a media stunt, March 27 - April 02, 2006, Volume 12, Number 12 I just finished Tony Judts Postwar: A History of Europe since 1945.

Judt looked closely at Greece and Italy during their Euro conversions and found that price inflation on consumer goods was horrific.

Whats more, the prices never decreased, which really hurt the middle class initially.

Thats the cost of a "hard" currency and protecting ones savings in the long run, though.

In short, euro conversion is still a good thing for Slovakia, despite the price hike fears.

Judts book also gives a new general history of Europe from 1945 to the present that some say is the best overview on the subject.

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