3 ms·

> because it limits the sovereignty of each nation Why are you pushing such a bs populist agenda? Those read like the weak and pointlessly stupid arguments I'v

> because it limits the sovereignty of each nation Why are you pushing such a bs populist agenda? Those read like the weak and pointlessly stupid arguments I've heard around brexit and each country deciding per se, etc, etc. As an Italian I'm stoked that my country has given up sovereignty on money printing, it would've been a disaster otherwise as it has been for decades before. The Eurozone and common fiscal policy is the only thing that keeps our populist governments in check. And don't you think that this wasn't known when the eurozone and common currency was decided among the members? The pros *far* outweight the cons. It's not even an argument. Opinions about the euro have always been positive and no country would go back. The european commission regularly polls europeans for their stance towards the euro: > Nearly eight out of ten respondents in the euro area think that having the euro is a good thing for the EU and nearly seven out of ten respondents think that having the euro is a good thing for their country. Of all the things in the EU, the Euro is by far the most positive, without it the last 20 years would've been an absolute disaster for many countries in Europe.

dools 2y ago
> As an Italian I'm stoked that my country has given up sovereignty on money printing, it would've been a disaster otherwise as it has been for decades before. My point is that sovereignty over issuing currency is synonymous with sovereignty in general. What you're saying is that you're glad the government in Italy is more like a state, than a nation. That's a fine point of view, but it implies that your country is incapable of self-governance. Do you think that's the case? It should also be noted that I don't think there is any issue with economic federation, only that there is economic federation without political federation. As such, you have a monetary body whose power exceeds any political authority. However monetary policy can't truly operate in the absence of fiscal policy, so what you really have is a bank as your federal government.
- epolanski 2y ago
  You have a solid point, yes I don't trust half the governments in eurozone to conduct their monetary policy. And yes, I agree that we have a strong fiscal authority (the eurozone has strict rules for members about debt, deficit, spending, etc) without a strong political one. But it's an okay compromise. The eurozone should indeed move into a federal entity, but I don't see that happening anytime soon. A common currency is a massive boost to tourism and trading. Just think about the fact that many non-eurozone countries still bill tourists in euros, even turkey does that in their state run museums.

dools 2y ago

> As an Italian I'm stoked that my country has given up sovereignty on money printing, it would've been a disaster otherwise as it has been for decades before. My point is that sovereignty over issuing currency is synonymous with sovereignty in general. What you're saying is that you're glad the government in Italy is more like a state, than a nation. That's a fine point of view, but it implies that your country is incapable of self-governance. Do you think that's the case? It should also be noted that I don't think there is any issue with economic federation, only that there is economic federation without political federation. As such, you have a monetary body whose power exceeds any political authority. However monetary policy can't truly operate in the absence of fiscal policy, so what you really have is a bank as your federal government.

epolanski 2y ago
You have a solid point, yes I don't trust half the governments in eurozone to conduct their monetary policy. And yes, I agree that we have a strong fiscal authority (the eurozone has strict rules for members about debt, deficit, spending, etc) without a strong political one. But it's an okay compromise. The eurozone should indeed move into a federal entity, but I don't see that happening anytime soon. A common currency is a massive boost to tourism and trading. Just think about the fact that many non-eurozone countries still bill tourists in euros, even turkey does that in their state run museums.