7 ms·

It could. It means that inflation / deflation will be linked to the wider EU economy and not responsive to the particular economic conditions of Croatia. This

by wheels 4y ago

It could. It means that inflation / deflation will be linked to the wider EU economy and not responsive to the particular economic conditions of Croatia. This was a big deal in Greece when inflation would have helped their economy by boosting exports, but was impossible because of being tied to the much stronger economies of Western Europe. There are some advantages to being on the Euro, but macroeonomically, it more benefits large stable countries (which then have an artificially depressed currency) like Germany and France.

tgv 4y ago
And since the coin is now tied to the rest of Europe, it becomes more attractive for members from other EU states to buy property in Croatia, or live there as a pensionado. This can drive the (housing) prices upwards.
- cjbgkagh 4y ago
  The panacea to the worlds economic problems, ever increasing cost of housing.
- nibbleshifter 4y ago
  Property purchase in Croatia was already extremely easy and attractive.
- robbintt 4y ago
  On the other hand, Croatians can freely work anywhere in the Schengen area, right? And vice versa to bring jobs to Croatia?
  - mytailorisrich 4y ago
    That is already the case. The right to freely move and work anywhere (not only in the EU but EEA and Switzerland) is not bound to Schengen.
    - robbintt 4y ago
      I see, so this is not related to work.
  - andrepd 4y ago
    So, they can have their qualified youth (educated at Croation expense) go work and pay taxes in Switzerland or the Netherlands or Germany? I fail to see how that's a positive :)
    - Ekaros 4y ago
      That might not be positive. But now there is even less friction with local companies in Croatia selling services to those countries.
      - csomar 4y ago
        How will these companies be able to sell services to the Western EU if all the skilled workers moved West? Are they as capitalized as their Western counterparts?
        Ekaros 4y ago
        So no company in USA exist outside the best paying locations as absolutely everyone has moved to best paying richer cities. As have the companies as there is no capitalization in poor regions?
        andrepd 4y ago
        It's not "no company" obviously, but you're actually giving a very nice example. The decay of rural and industrial America over the last 60 years is a very notable fact.
    - foobarian 4y ago
      I've been wondering why there is not more movement the other way around. Croatia is beautiful, especially around the coast, and given the hybrid work direction the world is heading in it seems it could be very appealing to have satellite offices around Rijeka, Split, Pula etc. to the point where even foreigners would be willing to move there.
      - 4y ago
  - seydor 4y ago
    No schengen does not provide work visa. In general you cannot move around within the eu and work from another country beyond 90 days. Which imho defeats the purpose of calling it a single market
    - laurencerowe 4y ago
      > No schengen does not provide work visa. Indeed, Schengen is completely unrelated to work visas, it simply removes border control within the area. Freedom of movement rights come from the EEA Single Market (EU + Iceland, Lichensteain, and Norway) plus Switzerland (through a complex series of ad-hoc agreements with the EU.) Not all EEA members are in the Schengen area but they still enjoy freedom of movement rights, they just have to go through border control entering the Schengen area. > In general you cannot move around within the eu and work from another country beyond 90 days. Which imho defeats the purpose of calling it a single market This is inaccurate. As an EEA/Swiss citizen you still have the right to work beyond 90 days. I think you may need to register with the country's social security office beyond that though. The 90 day rule is effectively there to prevent benefit tourism. For instance, when I moved to Norway some years ago for a job I was able to start work without any paperwork as a then EU citizen but had to register with the tax office for a tax number before they were able to actually pay me with the proper tax withholdings. """ If you want to remain in an EU, EEA state or Switzerland for more than 90 days, you may be asked to show that you are: - In employment - Self-employed - A full time student with health insurance and money to support yourself - You have money to support yourself and health insurance (for you and your family) without state assistance """ https://www.citizensinformation.ie/en/government_in_ireland/european_government/european_union/freedom_of_movement_in_the_eu.html#leb0a3 https://www.citizensinformation.ie/en/government_in_ireland/... Edit: Perhaps you are referring to remote work? If so then I think the situation in the EU is similar to that in the US where your employer must withhold state taxes in the state where you perform your work.
cm2187 4y ago
I don't know if I would put France in the stable countries basket. Italy's indebtedness will catch up with them sooner or later. France will likely come shortly after. There are lots of liabilities that come attached to becoming a member of the eurozone. All this debt will have to be inflated away.

by wheels 4y ago

tgv 4y ago

And since the coin is now tied to the rest of Europe, it becomes more attractive for members from other EU states to buy property in Croatia, or live there as a pensionado. This can drive the (housing) prices upwards.

cjbgkagh 4y ago
The panacea to the worlds economic problems, ever increasing cost of housing.
nibbleshifter 4y ago
Property purchase in Croatia was already extremely easy and attractive.
robbintt 4y ago
On the other hand, Croatians can freely work anywhere in the Schengen area, right? And vice versa to bring jobs to Croatia?
- mytailorisrich 4y ago
  That is already the case. The right to freely move and work anywhere (not only in the EU but EEA and Switzerland) is not bound to Schengen.
  - robbintt 4y ago
    I see, so this is not related to work.
- andrepd 4y ago
  So, they can have their qualified youth (educated at Croation expense) go work and pay taxes in Switzerland or the Netherlands or Germany? I fail to see how that's a positive :)
  - Ekaros 4y ago
    That might not be positive. But now there is even less friction with local companies in Croatia selling services to those countries.
    - csomar 4y ago
      How will these companies be able to sell services to the Western EU if all the skilled workers moved West? Are they as capitalized as their Western counterparts?
      - Ekaros 4y ago
        So no company in USA exist outside the best paying locations as absolutely everyone has moved to best paying richer cities. As have the companies as there is no capitalization in poor regions?
        andrepd 4y ago
        It's not "no company" obviously, but you're actually giving a very nice example. The decay of rural and industrial America over the last 60 years is a very notable fact.
  - foobarian 4y ago
    I've been wondering why there is not more movement the other way around. Croatia is beautiful, especially around the coast, and given the hybrid work direction the world is heading in it seems it could be very appealing to have satellite offices around Rijeka, Split, Pula etc. to the point where even foreigners would be willing to move there.
    - 4y ago
- seydor 4y ago
  No schengen does not provide work visa. In general you cannot move around within the eu and work from another country beyond 90 days. Which imho defeats the purpose of calling it a single market
  - laurencerowe 4y ago
    > No schengen does not provide work visa. Indeed, Schengen is completely unrelated to work visas, it simply removes border control within the area. Freedom of movement rights come from the EEA Single Market (EU + Iceland, Lichensteain, and Norway) plus Switzerland (through a complex series of ad-hoc agreements with the EU.) Not all EEA members are in the Schengen area but they still enjoy freedom of movement rights, they just have to go through border control entering the Schengen area. > In general you cannot move around within the eu and work from another country beyond 90 days. Which imho defeats the purpose of calling it a single market This is inaccurate. As an EEA/Swiss citizen you still have the right to work beyond 90 days. I think you may need to register with the country's social security office beyond that though. The 90 day rule is effectively there to prevent benefit tourism. For instance, when I moved to Norway some years ago for a job I was able to start work without any paperwork as a then EU citizen but had to register with the tax office for a tax number before they were able to actually pay me with the proper tax withholdings. """ If you want to remain in an EU, EEA state or Switzerland for more than 90 days, you may be asked to show that you are: - In employment - Self-employed - A full time student with health insurance and money to support yourself - You have money to support yourself and health insurance (for you and your family) without state assistance """ https://www.citizensinformation.ie/en/government_in_ireland/european_government/european_union/freedom_of_movement_in_the_eu.html#leb0a3 https://www.citizensinformation.ie/en/government_in_ireland/... Edit: Perhaps you are referring to remote work? If so then I think the situation in the EU is similar to that in the US where your employer must withhold state taxes in the state where you perform your work.

cm2187 4y ago

I don't know if I would put France in the stable countries basket. Italy's indebtedness will catch up with them sooner or later. France will likely come shortly after. There are lots of liabilities that come attached to becoming a member of the eurozone. All this debt will have to be inflated away.