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Don't get me started. Economists from around the world were adamant that the Euro was a terrible idea when it was founded. Binding dozens of wildly differing e
by cloakandswagger 10y ago
Don't get me started.
Economists from around the world were adamant that the Euro was a terrible idea when it was founded. Binding dozens of wildly differing economies to one currency controlled by one central bank has always been a pipe dream, but it takes decades for it to start to unravel.
- ZeroGravitas 10y agoThe politicians knew a shared currency without sharing other aspects was a bad idea, but they gambled that as the problems became manifest, they would be solved by greater unity. Maybe that was stupid, but it's a different kind of stupid than not listening to the economists.