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EUR was a great way to plunder europe
nice dream? it was always a communist nightmare, Karl Marx wrote about having a central bank and controlling it as a big part of communism.
Nah, it was optimal currency area dreams, hoping that gutting FX between dozens of countries, productivity and trade would improve.
As for Marx, all the individual countries had central banks before so the ECB was no extra. (Plus, if anything, given that so many pre-Eurozone central banks were abysmal, any restraint in money printing by a central entity might have been good)
optimal is avery strong word for that, but yes all central banks are bad and evil.
No, I mean the technical term in economics (OCAs) -- not that it in some sense is morally/socially optimal etc
Indeed.
They're pretty squished and all they have left is printing the currency. EUR was a nice dream, a nice experience; now it's done for