Re:Portugal bans bosses texting staff after-hours
by Barrin92 on Friday November 12, 2021 @05:46PM
(#29205409)
>Imagine each state being on its own, and Alabama trying to get finance by selling Alabama t-bills on Alabama credit?
One could argue that this would create a significant incentive for Alabama to improve its structural deficits and be more attractive to investors rather than being one of the largest federal government recipients among the American states.
In fact I think if one looks at Europe overall this is largely what has happened. Being in one monetary union has driven a lot of countries, in particular in Eastern Europe and the Baltics, to clean up their structural deficits. A lot of EE countries have gone from being much poorer to be on par or already richer than SE. I have trouble with this Euro-critical narrative, when a country like Estonia, coming out of the Soviet Union impoverished, is now more prosperous than Portugal.
Some of the more well governed and prosperous Latin American countries have pegged their currency to the US dollar voluntarily in the past.
One could argue that this would create a significant incentive for Alabama to improve its structural deficits and be more attractive to investors rather than being one of the largest federal government recipients among the American states.
In fact I think if one looks at Europe overall this is largely what has happened. Being in one monetary union has driven a lot of countries, in particular in Eastern Europe and the Baltics, to clean up their structural deficits. A lot of EE countries have gone from being much poorer to be on par or already richer than SE. I have trouble with this Euro-critical narrative, when a country like Estonia, coming out of the Soviet Union impoverished, is now more prosperous than Portugal.
Some of the more well governed and prosperous Latin American countries have pegged their currency to the US dollar voluntarily in the past.