4 ms·
I'm glad that my country hasn't switched to the disastrous euro despite being in EU.It's not for every country and economy, and in dire times(like these days)
by sebow 5y ago
I'm glad that my country hasn't switched to the disastrous euro despite being in EU.It's not for every country and economy, and in dire times(like these days) it's very unstable.
When I (and many other euroskeptics) said that eurozone in decline and you de facto had a recession in some european countries(See germany) BEFORE covid(looking back from at least 2018 through 2019, ironically slowing down due to covid), people "chuckled" because there was no press agreeing with this narrative.Yet a lot of european banks and institutions (DB,etc) had a lot of problems internally, and euro was mainly growing/floating due to developing parts.
I struggle to see how the situation improved on a continental-scale considering the fact that we've been locking down our society for 2 years, whereas China, Africa,even North America, all don't or didn't have nowhere near as many restrictions.