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57 sats \ 2 replies \ @fm 23 Sep \ on: has the euro been a net positive or negative? econ
Oh, prepare yourself to a quick devaluation of your purchase power..
We all saw that when adopting the euro cuckbuck.
If not instantly just wait a year or two..
Just like south america dollarization, once your country adopts the euro, your inflation is tied to the biggest economies of the eurozone.
They knew this before implementing euro.. but they went ahead anyway
verdict seems to be getting shafted by Germany. I'll keep stacking, but it makes me mad that the euro is even a thing, life got expensive enough during and after covid, just getting slowly ground into the floor
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Well, Germany is now passing a hard time, but doesn’t matter since if not germany is france setting the pace. Either way, the euro south will always suffer more to reach the north velocity meaning you suffer somewhat of an added inflation..
All this is relative.. in zimbabue or argentina adopting a foreigner coin is better than their own.. Just like chemotherapy is good if you are about to die..
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