Deleted member 1487
I've been listening to an interview with Yanis Veroufakis this morning wherein he talks about the German finance minister having wanted to restrict the Eurozone to only countries of roughly comparable GDP per capita (Germany, France, Belgium, Netherlands, etc.) and leave out the smaller nations due to incompatibility in terms of currency value. With the Euro being basically the Deutschmark, that would make sense as it lets the Euro be properly valued and smaller, less competitive nations keep currencies that were more in line with what their economies actually were valued at. So what if the European Union allowed the Eurozone to remain restricted even as it created a large political union?
https://en.wikipedia.org/wiki/Eurozone
Effectively it would be limited to these nations with a GDP per capita over 40k Euro:
France, Ireland, Belgium, the Netherlands, Germany, Finland, Austria, and Luxembourg.
All other nations retain their own currency. What impact does what have on the EU, the economy of Europe overall, the economies of the Eurozone, and the politics of integration of the EU? Do we see the current debt crisis?
https://en.wikipedia.org/wiki/Eurozone
Effectively it would be limited to these nations with a GDP per capita over 40k Euro:
France, Ireland, Belgium, the Netherlands, Germany, Finland, Austria, and Luxembourg.
All other nations retain their own currency. What impact does what have on the EU, the economy of Europe overall, the economies of the Eurozone, and the politics of integration of the EU? Do we see the current debt crisis?