4 ms·
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 auth
by 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.