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> And if you look at Eurostat stats Eurozone countries have consistently lower GDP growth and higher unemployment than countries not in Eurozone. Sorry but "if
by arcturus17 4y ago
> And if you look at Eurostat stats Eurozone countries have consistently lower GDP growth and higher unemployment than countries not in Eurozone.
Sorry but "if you look at Eurostat stats Eurozone countries" is not going to cut it as a source when you make such bold claims.
Playing around with World Bank data, you can see that out of a selection of non-Eurozone countries (Czechia, Serbia, Albania, Bulgaria, Romania), and Eurozone countries (Estonia, Slovakia, Lithuania, Slovenia, Latvia), and checking their PPP GDP per capita growth, it's a complete mixed bag. The only cluster that emerges is non-EU, non-Eurozone countries doing significantly worse than EU countries:
https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2021&locations=CZ-RO-EE-AL-LT-BG-RS-SK-SI-LV&start=2011&view=chart https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2...
Very similar story about reported unemployment rates with the same selection:
https://data.worldbank.org/indicator/SL.UEM.TOTL.NE.ZS?end=2021&locations=CZ-RO-EE-AL-LT-BG-RS-SK-SI-LV&start=2011 https://data.worldbank.org/indicator/SL.UEM.TOTL.NE.ZS?end=2...
- petodo 4y agoyeah right, here unemployment in Eurozone vs rest of EU, this chart ALWAYS looks same, Eurozone always worse than non euro EU don't go on my with your selection matching your agenda, show me all Eurozone countries vs all non Eurozone EU countries https://mobile.twitter.com/EU_Eurostat/status/1367414516624015361 https://mobile.twitter.com/EU_Eurostat/status/13674145166240... as for GDP growth rate there is absolutely no difference between Eurozone vs non Eurozone EU https://mobile.twitter.com/dlacalle_IA/status/1519979558560321536 https://mobile.twitter.com/dlacalle_IA/status/15199795585603... There is no reason to join Eurozone at all. EU is worth it only for poor countries.
- arcturus17 4y agoYou're using EU vs EU-but-non-eurozone data to leap and conclude that "EU is worth it only for poor countries", the intellectual laziness on display is astonishing and I'm done here.