3 ms·

I am pro EU but anti-Euro, it's not just sentimentality. If you are not aware, you should read about the Eurozone debt crisis of 2009. The Euro ties the economi

I am pro EU but anti-Euro, it's not just sentimentality. If you are not aware, you should read about the Eurozone debt crisis of 2009. The Euro ties the economies of 19 companies that demonstrably should not all be joined. Germany and Greece having the same central bank just doesn't make sense, and it should not have happened.

jemmyw 4y ago
As per my reply elsewhere: And yet in the last few weeks the UK government managed to cause a run on sterling. If they were using the Euro then that wouldn't have happened / limited effect and Mrs Truss could potentially have implemented her tax changes. Not that I support that, just pointing out there are also downsides to a sovereign monetary policy. I personally think that being in the bigger club, the EU trade zone and Euro, would be better for Britain. Greece is a cautionary tale, but not necessarily a currency one. Yes, they had limited options after everything blew up, but they were heading in that direction because they kept taking loans and the loans kept being given. If they had been able to devalue their currency its not actually clear that would have solved the problem - doing so also requires tight fiscal policy. Iceland did it, with a tight fiscal policy.