4 ms·
I wonder why this comment is at the top of the HN post. Over the years I've seen a lot of missinformation on this topic that follows pretty much this exact tra
by Maxion 1y ago
I wonder why this comment is at the top of the HN post.
Over the years I've seen a lot of missinformation on this topic that follows pretty much this exact train of thought. Why would countries join the EU and the Euro if it didn't benefit them?
The baltics have all grown massively since the 90s when they became independent, and even though they all were on nice trajectories they still all decided to join the EU and the Euro.
Bringing up the UK as some model for all other "small" european countrie sounds odd. The UK joined the EEC specifically because it had slower economic growth than the other large EU countries.
The UK, and specifically the city of london, with its huge international financial pull has a very different place in the global economy than Bulgaria...
- marton78 1y ago> Why would countries join the EU and the Euro if it didn't benefit them? Joining benefits the country's elites, rather than its general populace -- and it's these elites who decide whether to join. Bulgaria joining will weaken the Euro, which benefits big, export-oriented economies such as Germany and France. This is how the Euro has always worked: the big economies dilute their trade surpluses at the cost of smaller European countries.
- hgomersall 1y agoAnd the strong countries export their unemployment to the weak countries.
- Strom 1y ago> Joining benefits the country's elites, rather than its general populace -- and it's these elites who decide whether to join. That's bullshit. The decision to join is made via referendum.
- PunchTornado 1y agono proofs, just rephrasing what anti-eu propaganda says. also it is nice how people think they are able to dismiss a policy like the euro in 2 sentences thinking they understand it. probably without a phd in economics either.
- ChocolateGod 1y agoall the elites like the expats in Spain.