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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 significant
by 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 agoOn 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.