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Austria's leaders reject Juncker's vision for euro expansion

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ilostmypassword    6,876

Is Poland one of those eastern european nations? Because they haven't adopted the euro yet despite a promise to do so one day. If greeece weren't a member of the eurozone, it would have had a really bad depression - maybe even as bad as the one they're still suffering from - but it would have been a lot shorter.

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BuaBS    1,949

The farther east you go in the EU , the better the governments get.

Austria is just on that borderline.

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BuaBS    1,949
5 hours ago, ilostmypassword said:

So we agree. The Euro is a bizarre idea. American economists from left to right were puzzled by why anyone would think it was a good idea. It seems to have been driven more by emotion than reason. 

Central Bankers.

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ilostmypassword    6,876
Just now, hugh2121 said:

American economists aside, to have a single currency you need a single economy. Euroland has many economies and all are trying to keep up with Germany.

Yes, without a fiscal union, a currency union makes no sense. And we can see the results in the painfully slow and still ongoing recovery of the Eurozone from the Great Recession.

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nausea    1,058

 

10 hours ago, hugh2121 said:

Euroland has many economies and all are trying to keep up with Germany.

Sums it up nicely.

 

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BANGKOK 27 September 2017 04:55
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