UK formally leaves European Union after 48 years

Re:UK formally leaves European Union after 48 years by ClumsyPilot on Thursday December 31, 2020 @07:47PM (#25599290)

The Euro has done huge damage to the EU project - because of it Greece is stuck in debt, smaller countries can't support their economies in the middle of the pandemic, etc. Even the most ardent europhiles have come around to realise gow problematic it is.

The real sovereignty of a country is not in it's armed forces - its the currency. Without control over the press and interest rates, all you can do is tax and spend in a region with no borders, its like running an oversized city councill. However the amount of solidarity and coordination in EU is not high enough that you can rely on it - you can see that in Dutch ministers refusing to back COVID bonds, and the amount of EU-level economix stimulous being miniscule for the economy size

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Re:UK formally leaves European Union after 48 years by Paradigma11 on Thursday December 31, 2020 @11:06PM (#25600752)

But Greece would never had gotten that credit in drachmen and greek jurisprudence anyway. I dont think that inflation would make much difference to greek economic competitiveness either. It's not like the trajectory changed much since the Euro, the greek goverments only concealed the problems: https://en.wikipedia.org/wiki/Economic_history_of_Greece_and...

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Re:UK formally leaves European Union after 48 years by riffraff on Friday January 01, 2021 @02:50AM (#25601599)

While I agree that Greece might have defaulted with drachmas, I still believe grandparent is right: the euro and the mastricht parameters have done immense damage to the EU idea.

Without it we literally wouldn't have a lot of anti-eu sentiment in many countries.

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