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You have to be careful to make a distinction being in the EU and using the Euro as your currency. You can benefit from the EU common market, with its uniform ru
by pradn 1y ago
You have to be careful to make a distinction being in the EU and using the Euro as your currency. You can benefit from the EU common market, with its uniform rules/standards, easy capital flows, subsidies, and industrial policy. All without using the Euro as your currency, and being subject to the monetary policy of the ECB.
Being in the EU without using the Euro has been pretty good for Poland.
- owebmaster 1y ago> Being in the EU without using the Euro has been pretty good for Poland. That's an interesting perspective. From what I see in the news, the EU isn't as happy with the outcome.
- Urahandystar 1y agoProbably because the success undermines using the Euro.
- ethbr1 1y agoDebatable. The original comment was good, because it specifically noted the advantages of using a sovereign currency in certain situations. Once Poland becomes more prosperous and its growth rate slows, it would make sense for it to move to the euro. It just doesn't now. https://en.m.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(PPP)_per_capita https://en.m.wikipedia.org/wiki/List_of_sovereign_states_in_...
- dvfjsdhgfv 1y agoThey are free to be. When joining the EU, Poland accepted to join the monetary union at some point, but there is no date set, so in theory it can be infinite. And with its current strategy to drastically modernize and increase its military force, there is no doubt it will not met the financial criteria anytime soon so nobody is worried about that.