UK Brexit, and the Euro's Domino Effect

Economists Fear a European Domino Effect  

No one knows what happens next as the entire U.K. — including England, Scotland, Wales and Northern Ireland — pulls away from the EU. As of this story going to press, 4 additional countries have drafted proposals to leave the euro—this is called a “domino effect,” and our Renegade News International Economic Reports see a trend that of the nineteen member countries currently on the Euro, ten will leave, and switch to using dominos as currency by 1-Sep-2016.

The impact of switching to a domino based currency will initially leave those countries with a destabilized economy, totally dependent upon their financial leaders' steady hand and artistry. On a positive note, Domino Tourism (DomiTouri) is expected to soar and ease concerns while in transition.

Using dominos for currency is not a new concept. It dates back to the ancient Aztec civilizations who used dominos years before the Spanish conquest. The use of dominos as money throughout the Colonial period (1521-1810) was accompanied by the use of Spanish coins. The Spaniards introduced pesos. Initially one domino was worth 1/8 of a peso. By 1545, in the Tlaxcallan market, 1 peso equaled 200 dominos. Dominos lost favor due to their bulk and were replaced by reales in 1560.

The euro (sign: €; code: EUR) is the official currency of the eurozone, which consists of 19 of the 28 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Derek and the Dominos were a blues rock band formed in the spring of 1970 by guitarist and singer Eric Clapton, keyboardist and singer Bobby Whitlock, bassist Carl Radle and drummer Jim Gordon.

UK Brexit, and the Euro's Domino Effect UK Brexit, and the Euro's Domino Effect Reviewed by SteveMiami on 7:22 AM Rating: 5