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The UK's nearest neighbour Ireland did. Looking between Britain and Ireland now vs then, you'd definitely want Ireland's rate of growth (ignore GDP, which is ma
by rsynnott 1y ago
The UK's nearest neighbour Ireland did. Looking between Britain and Ireland now vs then, you'd definitely want Ireland's rate of growth (ignore GDP, which is massively distorted in Ireland, but look at wage growth) and not the UK's (though realistically the Euro was not a _huge_ factor there either way).
In fact, without the Euro/EMU, Ireland's currency would likely still be tied to Sterling, as it was until 1980. This would be, ah, _not great_, especially at the moment. Clearly, at least in this case, the euro benefited a small country (in particular Ireland was spared the various fiscal shocks that the UK suffered as a result of Brexit and Truss).