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Bulgaria to join euro area on 1 January 2026

(www.ecb.europa.eu)
257 points toomuchtodo | 1 comments | 09 Jul 25 00:44 UTC | HN request time: 0.195s | source
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ingohelpinger ◴[09 Jul 25 04:12 UTC] No.44506281[source]▶
the Euro has lost almost half of its purchasing power since its creation. bulgarians want the Euro so much, that they have to run tv ads, "we will become more wealthy by introducing the Euro", what? how will that happen, if you need more money to buy same or less products/services? lmao
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ako ◴[09 Jul 25 04:53 UTC] No.44506439[source]▶
Same for USD and other major currencies, as most countries have inflation around 2%. Only currency that has done significantly better is the swiss frank.
replies(2): >>44506577 #>>44507321 #
ingohelpinger ◴[09 Jul 25 05:25 UTC] No.44506577[source]▶
if you think inflation rate is at 2% you must be living under a rock
replies(1): >>44507876 #
1. ako ◴[09 Jul 25 09:21 UTC] No.44507876[source]▶
On average over the last 25 years according to perplexity. (for example, found an old message about price of bread in 2000: 1.99 dutch guilders. You can now get a bread for 2 euros. That translates to 3.21%) I think a lot of people are overestimating inflation percentages over longer periods of time.