> The EMU is a mechanism effectively set up to extract wealth from the european periphery, for the benefit of Germany (and maybe to a lesser extent Framce). Finland is very much on the losing side, along with Greece, Portugal etc.
Nonsense. „Devaluating the national currency“ is a euphemism for extracting wealth from the citizens without them realizing getting poor. The stability criteria are there to protect you from a government destroying your money.
I don’t get why so many Europeans think the Euro is hurting them economically while in reality it was holding them back (especially in Greece and Italy, their national currency was practically worthless). However, it takes time for member state governments to get used to an independent central bank.
Nonsense. „Devaluating the national currency“ is a euphemism for extracting wealth from the citizens without them realizing getting poor. The stability criteria are there to protect you from a government destroying your money.
I don’t get why so many Europeans think the Euro is hurting them economically while in reality it was holding them back (especially in Greece and Italy, their national currency was practically worthless). However, it takes time for member state governments to get used to an independent central bank.
Best regards and hot kisses from Germany.