4 ms·
several European countries (e.g. Kosovo) use the Euro as their currency despite not being part of neither the EU nor the Eurozone for exactly the same reason.
by ido 3y ago
several European countries (e.g. Kosovo) use the Euro as their currency despite not being part of neither the EU nor the Eurozone for exactly the same reason.
- sigmoid10 3y agoMost of those are tiny city states (e.g. Vatican, Monaco, San Marino) that would not even have the capacity to offer their own currency. So not exactly the same reason. Kosovo is also pretty tiny, with a total population roughly equivalent to Warsaw. Argentinia has like 45 million people and a GDP that is an order of magnitude bigger than all these side channel Euro countries together. It is far from obvious weather they could actually pull this off on such a scale without official endorsement and full support from the US, which in turn is highly unlikely.