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Reduced trade and tourism would only deepen their inability to make payments on their Euro-denominated debts and receive additional financing. Keeping their so
by linkregister 9y ago
Reduced trade and tourism would only deepen their inability to make payments on their Euro-denominated debts and receive additional financing. Keeping their sovereign currencies was probably wise for Czech Republic, Poland, Slovakia, etc., since they can devalue to match trade imbalances.
- zakk 9y agoMaybe you misread my comment. Weaker Europe does not mean collapse of EU and collapse of Eurozone.
- literallycancer 9y agoSlovakia has euro. Maybe you meant Hungary?