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> The real issue is they lose the ability to issue debts in their own currency and whether that's good or bad depends hugely on individual counties. Having you
by buzzdenver 4y ago
> The real issue is they lose the ability to issue debts in their own currency and whether that's good or bad depends hugely on individual counties.
Having your own currency also allows you to set monetary policy and not just follow the European Central Bank. So in time of financial crisis you can print as much money as you want and fiddle with exchange rates to make your country more competitive.