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You’ve offered zero counter points to OPs claims though. Every time I travel abroad, I transact in local currencies for transactions large and small all over t

You’ve offered zero counter points to OPs claims though. Every time I travel abroad, I transact in local currencies for transactions large and small all over the world using real-time currency exchange rates via the magic of the Visa/Mastercard network. If that was the core thing the Euro was supposed to solve, the better solution today is just an EU wide digital payments standard. The point still stands, a common currency without the ultimate unification part is just disadvantageous for most.

mmooss 2y ago
The overwhelming counterpoint that I'm making is that it's not a disaster and hasn't been one, now for 25 years. It's been an overwhelming success by any measure. Where's the evidence of disaster?
- ethanpailes 2y ago
  Since the financial crisis the US economy has kept on trucking, while the EU has stagnated. This isn’t all because of the euro, but it’s definitely a disaster and I think it is reasonable to hold the euro at least partially responsible.
  - mmooss 2y ago
    The EU economy is a disaster? Unless we redefine 'economic disaster' to meaninglessness, I think you don't have ground to stand on.
    - graemep 2y ago
      Being the slowest growing major economy is hardly success. The Euro crisis was a disaster for multiple countries.
      - mmooss 2y ago
        'Slowest growing' is hardly disaster! 2008 was pretty bad for a few countries.
  - grecy 2y ago
    The US has much higher debt than any point in history, which is climbing rapidly, and are manipulating things as much as possible. I wouldn’t hold them up as a shining example of “good” or “we should do the same”.
    - graemep 2y ago
      Take a long term view the US has done a lot better in the period it has had a common currency than the EU has done in the period it has had a common currency. Even in recent decades the US has done much better economically than the EU.
  - izacus 2y ago
    Why are you comparing EU against an economy that also has a common currency that cannot be manipulated by member states?
    - graemep 2y ago
      Because the US is structured in a way that makes a common currency workable. It has direct federal taxes, and a very large federal budget. The EU budget is a tiny fraction of total EU public spending. There is a huge difference between EU states and US states.

mmooss 2y ago

The overwhelming counterpoint that I'm making is that it's not a disaster and hasn't been one, now for 25 years. It's been an overwhelming success by any measure. Where's the evidence of disaster?

ethanpailes 2y ago
Since the financial crisis the US economy has kept on trucking, while the EU has stagnated. This isn’t all because of the euro, but it’s definitely a disaster and I think it is reasonable to hold the euro at least partially responsible.
- mmooss 2y ago
  The EU economy is a disaster? Unless we redefine 'economic disaster' to meaninglessness, I think you don't have ground to stand on.
  - graemep 2y ago
    Being the slowest growing major economy is hardly success. The Euro crisis was a disaster for multiple countries.
    - mmooss 2y ago
      'Slowest growing' is hardly disaster! 2008 was pretty bad for a few countries.
- grecy 2y ago
  The US has much higher debt than any point in history, which is climbing rapidly, and are manipulating things as much as possible. I wouldn’t hold them up as a shining example of “good” or “we should do the same”.
  - graemep 2y ago
    Take a long term view the US has done a lot better in the period it has had a common currency than the EU has done in the period it has had a common currency. Even in recent decades the US has done much better economically than the EU.
- izacus 2y ago
  Why are you comparing EU against an economy that also has a common currency that cannot be manipulated by member states?
  - graemep 2y ago
    Because the US is structured in a way that makes a common currency workable. It has direct federal taxes, and a very large federal budget. The EU budget is a tiny fraction of total EU public spending. There is a huge difference between EU states and US states.