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> That alone makes it far removed from being politically suspect in my book, unless there's some blatant case against the euro that I'm missing. Lack of integr
by tonfa 10mo ago
> That alone makes it far removed from being politically suspect in my book, unless there's some blatant case against the euro that I'm missing.
Lack of integration/solidarity. A common currency is a pretty bad idea if economies are allowed to diverge (see previous sovereign debt crisis, there's no reason why eg France can't be the next trigger).
You need a common tax base, and solidarity across member (much more than the current state) to have an effective monetary policy.
The in-between status quo for EU really isn't great (either you need to keep building EU institutions/start having proper eu taxes and budget -- something that is not really popular at the moment--, or euro should be reconsidered). (From what I understand it's not really a controversial opinion in economic circles).