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Letter: On ASEAN currency
This refers to an article titled “Euro crisis bleak future for ASEAN single currency,” (the Post, April 20)
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his refers to an article titled “Euro crisis bleak future for ASEAN single currency,” (the Post, April 20).
I hardly see a future for a single ASEAN currency. What is lacking in ASEAN is unity. ASEAN is mainly focused on an economic agenda while the European Union (EU) has adopted extensive and expensive integration programs not only on an economic scale but also on a social, cultural and demographic platform.
The current crisis unity is what Europe lack’s the most. Like you said, Euro-adopters have tied onto the European Central Bank, which is responsible for monetary policies, I think we should point our finger at the ECB because it didn’t really properly check the robots.
Greece falsified its account books just to get into the Euro Zone and the fact that it took a further huge amount of loan to finance the ‘04 Olympics only worsened things.
But I do still believe that we are as weak as we are divided and as strong as we’re united, countries have now reached a stage where they are too much connected and dependent on each other. So let’s see if they can direct that big weapon at the right enemy.
Allan Leung
Milan, Italy
