Those who have studied the eurozone and monetary unions in general have long been aware of the problem: combining completely different economies with extremely divergent productivity can only lead to centrifugal economic and social developments in the long term. The eurozone is no exception. Hundreds of data points could now be cited to prove that the eurozone is, in principle, functional.
Let's leave it at looking at real incomes based on the inflation rates published by the state, which in itself is an extreme manipulation of reality, and we quickly see that the introduction of the euro has meant that southern European countries in particular have not seen any further upward trend.
Of course, these countries are suffering from demographic problems and their own structural deficits, but the euro bureaucracy that has been imposed on them is making a fatal contribution to squeezing out the private sector and building up ever more bureaucracy, welfare state elements and regulation that stifles free competition. The euro project is entering a difficult phase.
Europe's 1981 looks like our 1971. Why did all of the growth trends stagnate there?
Policies that discourage business and high taxes are major reasons.
Yes, indeed
it may be growing social spending and a generally more expansive state and after several decades of dynamic growth that have somewhat restricted the further growth of the private sector
Where are the principles that were promised when EU was created! I recall it as a fatal mistake for EU!
It would be wise to decouple the EEC from the European currency (EURO), which was introduced in 2000.
Yes, and not all EU member states are part of eurozone.
to this day, politicians and the media such as the EU are trying to portray us as a peace project. as if wars had started again immediately after the Second World War, or at least were planned, which is complete nonsense. it's a gigantic bureaucratic morass
I believe that in a large state, the loss of individual sovereignty, aggressive taxes and not encouraging private capital can end in collapse. good post.
The formation of capital in the private sector cannot be overestimated. We are at the crossroads between state control and private capital formation. The directions are socialism or market economy, servitude or freedom and civilization
It is a crucial moment, you are right, I think times of change await us.
Europe will be happy with their green projects and old people!
EU is clueless! They have left their main points like industries and Education.
in the end, it all comes down to the fact that every bureaucracy wants to generate growth within itself, i.e. to get out of hand in a control state. the EU is a gigantic set of control instruments