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Jakarta Post

Letter: On ASEAN currency

  • The Jakarta Post

  /   Fri, April 29 2011   /  08:00 am

This 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 st...