←back to thread

265 points toomuchtodo | 1 comments | | HN request time: 0.202s | source
Show context
smallstepforman ◴[] No.44506514[source]
If abandoning your own currency and adopting Euros was such a big deal, the UK would have done it decades ago (while it was still a part of the EU).

This benefits the bigger economies, at the expense of the smaller economies. Any fiscal policy is dictated by the bigger countries, and with identical currencies, the only policy left for Bulgarians is to cut wages in public sector. This will impact local economy, and ripple through their society becoming poorer. And the bigger foreign corporations can ransack the place. Brilliant.

replies(5): >>44506559 #>>44506586 #>>44506644 #>>44507565 #>>44508579 #
1. cherryteastain ◴[] No.44507565[source]
Britain is a country with a massive special snowflake syndrome, and wanted opt outs of pretty much everything in the EU (and eventually quit the union itself). Just next door, Ireland adopted the Euro and is doing well.