Re:MasterCard to open up network to cryptocurrencies
by intenex on Friday February 12, 2021 @01:04AM
(#26111143)
Wait - so why are other countries like Germany in the EU fine despite also not being able to arbitrarily issue their own national fiat currency?
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Re:MasterCard to open up network to cryptocurrencies
by RobertoG on Friday February 12, 2021 @05:06AM
(#26112082)
They are not. Germany is a net exporter, obviously not all the countries can be net exporter at the same time.
You can't have a stable monetary union without a fiscal capacity. The inevitable debt crisis in the Euro-zone are stopped by the ECB buying debt in the secondary markets.
The hypocrisy of the system is obvious to however takes the time to see how it works.