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20 waisted years in my humble opinion. When EU countries could have been forging ahead, building on the natural base of social democracy and technological adva
by gghhzzgghhzz 4y ago
20 waisted years in my humble opinion.
When EU countries could have been forging ahead, building on the natural base of social democracy and technological advancement, e.g. to become world leaders in future energy . Instead they have spend 20 years dealing with the internal inconsistencies and self imposed limitations of a single currency without a single fiscal / monetary policy.
I don't see it changing, but who knows.
EDIT. I do wish people would post counterpoint, rather than vote down something that I explicitly stated was my own humble opinion, and indeed ended on a conciliatory sentence.
Down votes really should be used for trolling, or off topic to the poster they are replying to, not as a lazy way of replying.
- andrepd 4y agoThe single currency was an enormous boon to surplus countries (i.e. net exporters) and an enormous detriment to deficit countries. Couple to that the atrocious, almost criminal handling of the Eurozone crisis.
- jacquesm 4y agoNonsense. The countries that are in line for this will peg their currency to the euro just like NL did before the euro with the German Mark. If anything the local population that does not yet have the euro for everything is being scalped by their banks: debts are in euros but income is in the much weaker local currency. Most of them can't wait to switch but the access criteria are still fairly strict. Yes, the exporters also have a benefit: mostly because of the enlargement of the single market. But this is still within Europe, the comparison should be with the countries outside of Europe and then suddenly being part of a larger trade bloc with a single currency is a huge advantage.