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> The euro is necessary for the E.U. to remain economically competitive internationally That's bull. Norway, UK and others are doing pretty fine and they do no
by aikah 11y ago
> The euro is necessary for the E.U. to remain economically competitive internationally
That's bull. Norway, UK and others are doing pretty fine and they do not have the euro. France,Spain,Italy,and Greece are a complete disaster,only Germany is doing really well and it's clear it has nothing to do with the euro.
> The problem lay in the implementation, and not mandating a fiscal policy for membership (e.g. something similar the austerity measures).
Oh yeah, Euro is broken , so what do when need? more Europe, more power in the hands of a few ... no we need to get rid of that stuff asap and less concentrated powers.
There was no need for a monetary union. At all. It didn't bring back all the industries, it didn't create jobs (10% unemployment in my country,...) , it served no purpose at all.
- vilmosi 11y ago>>> Germany is doing really well and it's clear it has nothing to do with the euro. Germany is doing fine particularly because of the euro. They can have very cheap exports because of it. When a single currency represents vastly different economies, it's obvious the rich get richer and the poor stay poorer. Of course, the euro was only meant for countries with comparable economies. Too bad Greece basically lied to adopt it. And now Germany has every reason possible to keep weaker economies in the fold for its own benefit.
- bduerst 11y agoNorway is dependent on oil, and Sweden was strong internationally before being asked to join the Euro, which is why it wasn't necessary for them to take the Euro and why they didn't. Germany has everything to benefit from the Euro with it's European exports.