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The Euro has failed to generate the promised economic growth. Average GDP growth for the Eurozone since the Euro's adoption is a bit above 20%. The UK has manag
by jajag 8y ago
The Euro has failed to generate the promised economic growth. Average GDP growth for the Eurozone since the Euro's adoption is a bit above 20%. The UK has managed double that since it opted to stay out, and other non-Eurozone EU members have done even better. As addressed in the article, the Euro has also failed to promote closer political unity - see what happened during the Greek crises, or what is happening currently in Italy.
- NicoJuicy 8y agoI'm holding you on your UK quote, they had a lot of more advantages playing with their own rulebook. I'm wondering what that will bring without the EU
- zeristor 8y agoWasn't this mostly down to pound plummeting in value. The UK can devalue its currency every time it needs a GDP growth spurt. Just like Italy used to do.
- riskneutral 8y agoI think that’s the point.