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“important today”
The euro is celebrating its 20th birthday – currency experts dares to look into its future
© Karl-Josef Hildenbrand / DPA
Germany reported 3.1 percent inflation in 2021, according to the latest estimate by the Federal Statistical Office. Currency expert Prof. Aloys Prinz dares to look into the future: “In my opinion, 2022 and 2023 will be the decisive years.”
20 years of the euro! Congratulations, one would like to wish the European Monetary Union and its countries. 19 of the EU countries now have the euro, including Germany from the start. On the anniversary of January 1, 2022, the Federal Statistical Office has now published an estimate for 2021, which is likely to cause some investors to worry. In 2021, the inflation rate in Germany was higher than it has been since 1993: 3.1 percent. Was the euro a good invention despite this Europe-wide depreciation?
“Yes and no” – says Prof. Dr. Aloys Prinz in the podcast “important today”. Prof. Prinz is Professor of Public Finance in Münster and has written books such as “Die große Geldschmelze” and “European Monetary Union for Dummies”. He judges: “On the outside, the euro was a great success, but only partially on the inside. This is because the euro countries have diverged over time and are not converging economically as planned.”
The euro: a great advantage for travelers
The biggest advantage of the euro: If you travel within the European Union, you don’t have to worry about exchange rates, you don’t have to exchange money. From an economic point of view, however, the countries show a different development curve and pursue completely different interests. In an interview with Michel Abdollahi, Prof. Aloys Prinz therefore draws attention to the importance of the next two years: “We have great potential for very difficult times. But whether that happens depends primarily on what happens by mid-2023 happens with inflation. Should it really be the case that inflation has risen mainly because of the corona pandemic […], we might be lucky that the rate is falling again. “
© TVNOW / Andreas Friese
Podcast “important today”
Sure, opinionated, on the 12: “Today important” is not just a news podcast. We set topics and initiate debates – with poise and sometimes uncomfortably. Host Michel Abdollahi and his team speak out for this star– and RTL reporters: inside with the most exciting people from politics, society and entertainment. They let all voices have their say, the quiet and the loud. Anyone who hears “important today” starts the day well informed and can have a sound say.
Mini Golden Globes
There was actually supposed to be a glamorous 79th Golden Globes ceremony this Sunday, but the awards for TV and film productions have completely shrunk. No red carpet, no stars like Nicole Kidman, Kristen Stewart, Jennifer Hudson or Lady Gaga, no audience. Above all, the award ceremony will no longer be broadcast live. This significantly stripped-down version of the Golden Globes is not only due to Corona. There was criticism last year because not a single member was black on the committee of the HFPA, the Hollywood Foreign Press Association, which organizes the Golden Globes. Too white, too little diverse. So this year there will be a very small ceremony at the Beverly Hilton Hotel. Then the association wants to present its reforms – and thus perhaps look into a more glamorous future.
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