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A comment on Italy’s austerity-fueled crisis is a warning to the Eurozone. Parent comment

Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by debacle on Friday April 12, 2019 @05:55PM (#19649393)
> Left to float independently, the Deutschmark would not be as low as the Euro is today and the Lira would never be as high.

But wasn't that the whole point?

[ Parent | on HN ]
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by presidente20 on Saturday April 13, 2019 @07:08AM (#19652270)
No it wasn't. The point of the euro was mainly political - a step towards a single European state. Economically the benefits are reduced transaction costs and reduced currency risk between countries within the single market.
[ Parent | on HN ]