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I've heard this POV several times. If such a good idea why don't USA, China or India consider breaking regions into individual currencies. You never hear this.
by Gustomaximus 11y ago
I've heard this POV several times. If such a good idea why don't USA, China or India consider breaking regions into individual currencies. You never hear this.
I'm not saying this POV either right or wrong. Just Each of these other countries is 'Europe" or larger in their own right with distinct regional wealth differences. So why is this important for Europe and not other large diverse countries?
- TheCoelacanth 11y agoEurope is not a country. It does not have unified economic policy. If Europe started acting like a nation, and instituted a unified economic policy over the whole Euro-zone, then it would probably work just fine. However, there is no indication that will ever do that because all of the constituent countries like their sovereignty too much.