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For those who have lived and worked in multiple EU countries, the benefits of EU membership are clear, including the relatively simple process of moving between
by Ecstatify 2y ago
For those who have lived and worked in multiple EU countries, the benefits of EU membership are clear, including the relatively simple process of moving between countries.
- dkkergoog 2y ago[dead]
- greybox 2y agoIceland is already in Schengen, it's a bit like Norway in that respect, without the benefit to it's currency that all the oil brings
- Ecstatify 2y agoUsing the same currency makes it easier to figure out what you’re paying and spot if you’re getting ripped off on holidays. For example: €100 EUR = 41,172.31 HUF (Hungarian Forint)
- input_sh 2y agoTechnically, the whole country could just switch to Euros without even being in the EU. Granted, the only two countries to do so (Montenegro and Kosovo) never bothered with creating their own currency to begin with, they went straight to Euros post-independence (with some disgruntlement from the EU). And then there's also two (Bulgaria and Bosnia) which are technically not using Euros, but their currencies are pegged to Euros and stupidly simple to convert (1 EUR = 1.95583 BAM/BGN, so just multiply/divide by 2).
- madars 2y agoDenmark is also in ERM II and 1 EUR ~ 7.46 DKK with a very tight band https://en.wikipedia.org/wiki/European_Exchange_Rate_Mechanism?useskin=monobook https://en.wikipedia.org/wiki/European_Exchange_Rate_Mechani...
- jefftk 2y agoI wonder why they pegged at 1.96 instead of 2?
- _Microft 2y agoThey had pegged their currency to the DM (Deutsche Mark) and 1.95583:1 is still exactly the same exchange rate as when DM were converted to Euro.
- gottorf 2y ago> 1 EUR = 1.95583 BAM/BGN, so just multiply/divide by 2 Why didn't they just set the peg to 2?
- wolpoli 2y agoLikely to make it simple for retailers to accept euro. Making it exactly two means the retailers would lose money on the exchange spread. Another example is with 1 hkd = 0.97 mop.
- xxs 2y agoThat's a proper speculation, not very much grounded in the reality. Also the Euro is not accepted to this day in retail in Bulgaria.
- xxs 2y agoB/c the conversion to Euro happened later. It was already fixed after the hyper inflation in 1997. The initital rate was 1000 levs = 1 DM, in 1999 there was a denomination of 1000 : 1, same year the Euro happened and the Deutsche mark enjoyed the same rate to the Euro.
- deleted 2y ago[deleted]
- graemep 2y agoUsing the same currency without a common fiscal policy and resources is a disaster. It means currency and interests rates cannot be tuned to each country's economy. It means governments cannot borrow in their own currency (which is cheapest). There is a reason almost all countries have their own currency. The hope was that the single currency would be soon followed by political union. Without this the Euro has been a disaster, leading to the European debt crisis, and painful austerity as the price of bailout.
- richjdsmith 2y agoCouldn't agree more. Greece is a great example of what happens to a country when they have a sovereign debt crisis and no control over the value of their currency. The ability to control your overnight bank rates, and your monetary supply is important. I don't think the convenience of easy travel or easy(ier) trading of goods outweighs it at all.
- apeescape 2y agoGreece cheated their way into EUR. They didn't meet the requirements, so they cooked the numbers with the help of GS. This later on blew up into everybody's faces (well, everyone except GS's).
- addicted 2y agoGreece showed the flaws with the EU. The good thing is that the EU has improved since then. On the flip side, Greece is also a great example of how powerful the EU can be. Greece would have absolutely collapsed outside the EU. So even with the limitations on the EU, Greece did a lot better within the EU than it would have outside.
- drtgh 2y ago> The good thing is that the EU has improved since then It was indeed a big backdoor attack to the Euro, exploited by GS [1], at least. > Greece would have absolutely collapsed outside the EU. Meat for the IMF, BlackRock and so on; Argentina's twin. Global economy seems to be an ocean with Orca whales, they hit and eat alongside with sharks. The citizens turns to meat at same moment their politicians betray them [2], whether caused by ignorance or by malice (corruption). [1] https://www.theguardian.com/business/2010/feb/25/markets-pressure-greece-cut-spending https://www.theguardian.com/business/2010/feb/25/markets-pre... [2] https://www.theguardian.com/business/2010/apr/18/goldman-sachs-regulators-civil-charges https://www.theguardian.com/business/2010/apr/18/goldman-sac... ( Now we know the truth. The financial meltdown wasn't a mistake – it was a con ) PS: I wonder what happened to the perpetrators of the 2008 crisis.
- therealdkz 2y ago[dead]
- aramattamara 2y agoThat’s Schengen zone, some countries are in Schengen but not in EU.
- Ecstatify 2y ago"As an EU national, you're entitled to work — for an employer or as a self-employed person — in any EU country without needing a work permit." ref: https://europa.eu/youreurope/citizens/work/work-abroad/index_en.htm#:~:text=As%20an%20EU%20national%2C%20you,without%20needing%20a%20work%20permit https://europa.eu/youreurope/citizens/work/work-abroad/index....
- whenc 2y agoIceland already has freedom of movement (to live and work) due to its EEA membership; and it is only somewhat to do with Schengen, which is about passport free travel not living and working. You can have FoM without Schengen - e.g Romania until 1st Jan 2025.
- Symbiote 2y agoNo, the right to live and work is not related to Schengen. Ireland isn't in Schengen, but a French person can move there tomorrow for work or study etc. They have to show a passport at border control, but otherwise face a very similar situation as they would moving to Germany (fill in some papers, get a local tax id etc).
- tsimionescu 2y agoMinor nitpick: you don't need a passport to travel to/from EU countries not in Schengen as an EU national - your national ID will do.
- Symbiote 2y agoIn practise I forget that, as neither of the two countries relevant to me issue(d) national identity cards (UK, Denmark).
- deleted 2y ago[deleted]
- seppel 2y agoSchengen has independent of the EU status. Eg. you can move freely from Germany to Switzerland (without obligatory border check) but not between Germany and EU-member Cyprus (there is the obligatory border check).
- tpm 2y agoFreedom of movement is not the same as Schengen.
- victorbjorklund 2y agoThe person you are replying said "moving" as in you relocate to another country. Not going on vacation. Swiss people can not just move to say denmark one day and start working there. They need work visas etc for that.
- bmoxb 2y agoI assume they're referring to actually residing and working in other EU countries, rather than just visiting.
- insane_dreamer 2y ago> Schengen has independent of the EU status. Schengen governs border controls, not the right to work and residency, which is a function of EU membership, not Schengen membership.
- 2y ago
- IdiocyInAction 2y agoIceland is in the EEA so EU FoM is already a thing.
- monsecchris 2y agoThis is the fantasy that is commonly perpetuated but it is the opposite to reality.
- mmastrac 2y agoCould you elaborate?
- monsecchris 2y agoI have worked in Netherlands, Belgium, Germany and France. Belgium took 3 years to process the form for national insurance which caused me to draw down about 20,000 Euros. I couldn't drive my European vehicle in Belgium because I didn't have Belgium license plate which was required for insurance. Rather than working for the first 3months, I had to visit the gemeentehuis every alternate day to push some piece of paperwork to some government authority. I couldn't park my car in Belgium outside my property because I didn't have permission to do so because it wasn't a Belgian vehicle. In order to rent a property I needed a Belgian bank account, which I could only get if I was a Belgian resident, forcing me to live in a hotel temporarily and using that as my address. I required my accounts to be signed off by a Belgian notary, of which there is a government enforced limit, so to speak to one for a microsecond cost 1000 Euros minimum. At the time, operating a British company in Belgium cost 17,000 Euros fee. I still receive paperwork from the Belgian government more than 10 years after leaving. The other countries aren't much better, and the only country that was easy to start working in was the UK.
- KennyBlanken 2y agoSo in other words: research what is required before moving to and trying to do business in, another country - or hire a professional to do it for you? You seem very unaware that your experience is not typical by any means.
- lukan 2y agoHis words were debating the claim above: "the relatively simple process of moving between countries." But I wonder, how long ago that was?