> These are again fact-free arguments based on feelings. Who are the winners and who are the losers? Germany as a big exporter certainly doesn't look like a winner now, does it? Spain is doing better than Germany since Covid in GDP growth.
You can't just weld two different time periods while ignoring what changed in-between.
Germany around 2008 was an exporter that benefited indirectly (devalued Euro) and directly (rescuing German banks) from Greek crisis. Germany today is basically deindustrialising at a rapid pace. It's exports can't compete with Chinese nor do they have access to cheap materials, and that's disregarding tariffs on their exports.
> You still don't understand what I wrote. There is no fascist streak that would distinguish countries that adopted the euro from those that didn't.
And you don't understand what I'm conveying. Far-right and fascist voices always exist. And no, Euro isn't the only possible crisis that can happen.
But those that happen are spread and amplified.
Want example of this happening? It's happening right now. France crisis turned into a France+Italy+Greece+Belgium crisis.
> And of course we need the EU markets to be converging and you can't really do that with 27 currencies and monetary policies.
You can't have them converge (also converging to what?) even with same currency! If say Gambia adopted the US dollar it wouldn't help Gambia at all. In fact quite the opposite. Only once there is a political union of US and Gambia can we talk about possibility of convergence.
You can't just weld two different time periods while ignoring what changed in-between.
Germany around 2008 was an exporter that benefited indirectly (devalued Euro) and directly (rescuing German banks) from Greek crisis. Germany today is basically deindustrialising at a rapid pace. It's exports can't compete with Chinese nor do they have access to cheap materials, and that's disregarding tariffs on their exports.
> You still don't understand what I wrote. There is no fascist streak that would distinguish countries that adopted the euro from those that didn't.
And you don't understand what I'm conveying. Far-right and fascist voices always exist. And no, Euro isn't the only possible crisis that can happen.
But those that happen are spread and amplified. Want example of this happening? It's happening right now. France crisis turned into a France+Italy+Greece+Belgium crisis.
> And of course we need the EU markets to be converging and you can't really do that with 27 currencies and monetary policies.
You can't have them converge (also converging to what?) even with same currency! If say Gambia adopted the US dollar it wouldn't help Gambia at all. In fact quite the opposite. Only once there is a political union of US and Gambia can we talk about possibility of convergence.