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If being nationalistic means preferring that currency in your country is controlled by the government you have elected and not by ECB that you have zero control
by wolvesechoes 1y ago
If being nationalistic means preferring that currency in your country is controlled by the government you have elected and not by ECB that you have zero control over, then yes.
Ask Greeks how much they enjoyed ECB involvement.
- decimalenough 1y agoThe Danish krone is pegged to the euro, meaning it's already effectively controlled by the ECB.
- wolvesechoes 1y agoIt is not fully pegged, and though it ties their hands somewhat, this is not "effectively" the same as adopting the euro. Krone still can be un-pegged if Denmark decides to do so.
- zosima 1y agoIt can be unpegged at a moments notice. Euro countries have a lot more work to break free.
- rhubinak 1y agoBy adopting euro you get a seat at the ECB and can influence monetary policy of the whole Eurozone.
- wolvesechoes 1y agoThe same way as having the seat in the UN's Security Council gives you the influence, but in the end France has little to say when compared with US or China. Germany even without any representation in ECB will have much more to say than other countries. Because in the end it is a real political power that allows anyone to make decisions.
- rhubinak 1y agoThe point is that all of the countries in the EU are well developed countries with similar growth and closely tied economies. I can't imagine a monetary policy that would benefit one state while at the same time damaging the other one so much it would negate all the benefits of joining Eurozone.