{"id":8882,"date":"2013-05-23T09:00:39","date_gmt":"2013-05-23T13:00:39","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=8882"},"modified":"2013-05-23T09:09:37","modified_gmt":"2013-05-23T13:09:37","slug":"getting-rid-of-the-eurocent","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2013\/getting-rid-of-the-eurocent\/","title":{"rendered":"Getting Rid Of The Eurocent"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/05\/052313_1237_GettingRidO1.jpg\" width=\"640\" height=\"431\" \/><\/p>\n<p>Michael Steen writes that European Commission is considering a proposal to abolish the one Eurocent coin \u2013 much to the dismay of specific groups of people:<\/p>\n<ul>\n<li>The Eurocent coin costs more to make than it is worth \u2013 and people usually just let them accumulate rather than actually spending them which means that more have to be minted every year.<\/li>\n<li>However some fear that if the one cent coin is abolished then retailers will round their prices up, making things more expensive.<\/li>\n<li>One German children&#8217;s charity believes that they would lose hundreds of thousands of Euros a year since the one cent coin makes up a quarter of its cash donations.<\/li>\n<li>The Netherlands and Finland have both gotten rid of the one cent coin. Retailers can still set prices at 99 cents and those who pay by cash have to pay a cent more.<\/li>\n<li>For the most part though it doesn&#8217;t really make a difference since most people just pay by card.<\/li>\n<\/ul>\n<p>Read more about the problem, and alternate proposals that the European Commission is considering <a href=\"http:\/\/blogs.ft.com\/money-supply\/2013\/05\/21\/you-can-take-my-pfennigs-but-the-cent-stays\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/blogs.ft.com\/money-supply\/2013\/05\/21\/you-can-take-my-pfennigs-but-the-cent-stays\/\">Financial Times<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2013\/05\/assorted-links-799.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Steen writes that European Commission is considering a proposal to abolish the one Eurocent coin \u2013 much to the dismay of specific groups of people: The Eurocent coin costs more to make than it is worth \u2013 and people usually just let them accumulate rather than actually spending them which means that more have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/05\/052313_1237_GettingRidO1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=8882"}],"version-history":[{"count":4,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8882\/revisions"}],"predecessor-version":[{"id":8891,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/8882\/revisions\/8891"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/8881"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=8882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=8882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=8882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}