4 ms·
> Euroscepticism is just a symptom of things going south just about everywhere in Europe except maybe Germany and Switzerland. Just look at the failed ECB stimu
by _Tev 9y ago
> Euroscepticism is just a symptom of things going south just about everywhere in Europe except maybe Germany and Switzerland. Just look at the failed ECB stimulus policy with negative interest rates.
That sounds wrong. Example: Czech rep. had much more expansive monetary stimulus policy (we printed quite a bit of money), is booming on Germany-level and yet is super eurosceptic.
Euroscepticism is just newest brand of populism in Europe. Especially after ECB stimulus Europe is getting better, "on life support" sounds like ridiculous hyperbole.
- petre 9y agoIts because of the migrant quotas that were imposed unilaterally. Devaluing the CZK wouldn't have been possible if your country had switched to the Euro like Slovakia did. The problem is the ECB does not want to devalue the Euro mainly because German fears of hyperinlfation. So they're trying to stimulate sluggish growth with negative interest rates. Which doesn't work. It only destroys pensions because it's esentially a tax on money.