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>> While I understand the truth that staying in the Pound is important to Scottish voters, I don't understand why. I've always heard the argument that things a
by k-mcgrady 10y ago
>> While I understand the truth that staying in the Pound is important to Scottish voters, I don't understand why.
I've always heard the argument that things are more expensive in the Euro. I know people in countries where they switched to the Euro and salaries remained the same while prices of goods went up. I'm not sure why this happens (or even if it's true) but it's a reason a lot of people are against losing the pound.
- aetherson 10y agoIt seems way more likely to have been the case in economies that were previously on a weak currency (like, say, Italy) than ones on a strong one (like, say, Scotland).
- jpetso 10y agoMy Grandma was saying this a lot. With some economic headwinds and constant (but not outsized) inflation comparing against a nostalgia currency that stopped inflating years ago, it's exceedingly easy to blame the Euro for making things more expensive. Adopting it often makes central bank policy more challenging. An outright "Euro makes goods more expensive" statement is an oversimplification though, don't take it at face value and always ask for objective inflation data relating to the particular country in question.