4 ms·
Notably, every single example you cite is from an Euro currency country. The design flaws of the Euro currency area were well understood already 20 years ago,
by the_why_of_y 10y ago
Notably, every single example you cite is from an Euro currency country. The design flaws of the Euro currency area were well understood already 20 years ago, if not, unfortunately, by European politicians.
https://www.foreignaffairs.com/articles/europe/1996-09-01/euro-fantasies-common-currency-panacea https://www.foreignaffairs.com/articles/europe/1996-09-01/eu...