Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by bjelkeman-again on Friday April 12, 2019 @05:54PM
(#19649386)
I am not sure the Euro in itself was the problem, but countries where included before they where ready and not enough mechanisms across the union to help those regions/countries that where struggling. But,hey, I am but an armchair economist.
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Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by despera on Saturday April 13, 2019 @02:31AM
(#19651419)
That's a common argument you see a lot for years, they weren't ready, they cooked their books etc.
But for example Greece, that "cheat" they did to get in eurozone couple years earlier, wasn't a cheat back then and EU was totally informed, also the debt that swapped was insignificant compared with the amount of debt created due to systemic problems of eurozone and EU.
Too bad there are fake news only for the stronger, the weaker and smaller countries can do nothing but get crashed under the propaganda.
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by gridlockd on Friday April 12, 2019 @06:07PM
(#19649486)
You mean countries like France and Italy?
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone
by agapon on Sunday April 14, 2019 @05:32AM
(#19658379)
But they were not "included". Nobody forced them or made the decision for them. The countries (peoples, governments) made their choice. I think that some of them, if not all, even had referendums on joining the euro.