4 ms·

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 measur

• 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.