3 ms·
"the Euro has massively lifted the economic prospects of tens if not hundreds of millions of people in a measly 10 or 15 years" Actually, no. The Euro has been
by CrLf 11y ago
"the Euro has massively lifted the economic prospects of tens if not hundreds of millions of people in a measly 10 or 15 years"
Actually, no. The Euro has been mostly negative for all but a few of the eurozone countries. Portugal is a good example of this, as it has its economy has regressed to pre-Euro levels and there is a growing consensus that the Euro will keep its net-negative effect for the forseable future.
Nobody wants to get out of the Euro because of the exit shock and uncertainty, not because they see anything positive from staying inside.
The Euro was built basically as a renamed Deutshe Mark and this has never been fixed. Right now it's clear that it never will. A strong currency is always bad for weaker economies, which is pretty evident in the Greek case.