Re:Bulgaria to join euro area on 1 January 2026
by chrismorgan on Tuesday July 08, 2025 @11:49PM
(#44506178)
In some places I gather that pretty much happened during https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis.... (I happened to be in India at the time, but where I was it was more just extreme discontent with resignation, rather than threatening fracture.)
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Re:Bulgaria to join euro area on 1 January 2026
by ekunazanu on Wednesday July 09, 2025 @02:01AM
(#44506748)
The discontentment arose because it was extremely poorly planned, and failed to address the very problems it was 'trying' to solve. It is very unlikely for a state government to implement a local currency and introduce more friction to an already painfully bureaucratic system; it is a politically disastrous move.
> Monetary policy is government policy. The ruling party is seldom uniformly popular across their entire domain.
If by monetary policy you are referring to fiscal policy, you're pretty much spot on. There's always in-fighting between states and lots of complaining about the central/federal government favoring certain states over others.