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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 gridlockd on Friday April 12, 2019 @06:10PM (#19649508)
The problem is the lack of free float. Nobody in Europe is as productive as the Germans, therefore they become uncompetitive while being tied to the same currency.

The corruption narrative is just a diversion from the fact that the whole Euro concept was a bad idea to begin with.

[ Parent | on HN ]
Re:Italy’s austerity-fueled crisis is a warning to the Eurozone by behindmyscreen on Saturday April 13, 2019 @08:07AM (#19652505)
Improperly conceived is more accurate. A strong political union is important for a common currency. They should have stuck with free trade and visa free movement ( not permanent relocation) for the level of political union they have.
[ Parent | on HN ]