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As far as I can tell, "keeping the Euro" would simply involve for the country to declare the Euro legal tender. Even if the EU wanted to prevent that, it's not
by microtherion 10y ago
As far as I can tell, "keeping the Euro" would simply involve for the country to declare the Euro legal tender. Even if the EU wanted to prevent that, it's not clear to me how it would.
That does not mean that the country would have a say in Euro governance (controlling the mount of Euro "printed"), but the ECB is fairly independent anyway.
According to this list, several smaller non-EU countries are using the Euro already (and several countries worldwide are using the Dollar, including Zimbabwe—pretty sure they don't get invites to FOMC meetings): https://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/ https://qz.com/260980/meet-the-countries-that-dont-use-their...
- cm2187 10y agoBut I think it is unlikely to go that way. Countries would either leave the euro and remain in the EU, or leave both. Monetary independance is high on the agenda of pretty much every populist party in Europe.