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The title is misleading. The Eurozone does not include the entire EU - there are quite a few countries with their own currencies(notably Czechia, Poland, Romani

by Tade0 3y ago

The title is misleading. The Eurozone does not include the entire EU - there are quite a few countries with their own currencies(notably Czechia, Poland, Romania), which coincidentally saw some of the highest growths in the region during the last two decades. Meanwhile some Eurozone countries like Greece, Italy and Spain actually saw a decline. Hard not to draw such conclusions when your set includes all the troubled countries and none of the fast growing ones.

imtringued 3y ago
>which coincidentally saw some of the highest growths in the region during the last two decades. That isn't some coincidence. The biggest beneficiary of the Eurozone relies on the suffering of its less successful members and this is ultimately reflected by the fact that poorer countries in the Eurozone don't catch up with the rest of the EU and in fact the opposite happens. Meanwhile for EU countries outside the Eurozone it is smooth sailing because they don't have to suffer for the benefit of a country that is role playing as the hero of the Eurozone.
- Tade0 3y ago
  Oh believe me the biggest beneficiary's influence goes way outside the Eurozone. With this I'm glad my country doesn't qualify - I'll take that any day vs having monetary policy tied to that of a very different economy.
- ffhhttt 3y ago
  I think it’s more about western vs eastern Europe. EE countries which adopted the Euro did quite good as well. For instance growth in Poland lagged significantly behind Estonia or Lithuania in the last 10 years or so.
  - 76SlashDolphin 3y ago
    On the other hand, Bulgaria used to be significantly more developed than Romania back in the early 90s, yet has been significantly surpassed in 2023. Granted, Bulgaria isn't using the euro yet but the BGN has been pegged to the euro since the late 90s so for most intents and purposes it is using the euro. IMO this is a better comparison than with Poland and the Baltics since Poland is a massive country and has 5x the population so there are a lot more factors at play.
- emptyfile 3y ago
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by Tade0 3y ago

imtringued 3y ago

>which coincidentally saw some of the highest growths in the region during the last two decades. That isn't some coincidence. The biggest beneficiary of the Eurozone relies on the suffering of its less successful members and this is ultimately reflected by the fact that poorer countries in the Eurozone don't catch up with the rest of the EU and in fact the opposite happens. Meanwhile for EU countries outside the Eurozone it is smooth sailing because they don't have to suffer for the benefit of a country that is role playing as the hero of the Eurozone.

Tade0 3y ago
Oh believe me the biggest beneficiary's influence goes way outside the Eurozone. With this I'm glad my country doesn't qualify - I'll take that any day vs having monetary policy tied to that of a very different economy.
ffhhttt 3y ago
I think it’s more about western vs eastern Europe. EE countries which adopted the Euro did quite good as well. For instance growth in Poland lagged significantly behind Estonia or Lithuania in the last 10 years or so.
- 76SlashDolphin 3y ago
  On the other hand, Bulgaria used to be significantly more developed than Romania back in the early 90s, yet has been significantly surpassed in 2023. Granted, Bulgaria isn't using the euro yet but the BGN has been pegged to the euro since the late 90s so for most intents and purposes it is using the euro. IMO this is a better comparison than with Poland and the Baltics since Poland is a massive country and has 5x the population so there are a lot more factors at play.
emptyfile 3y ago
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