> disaster
By your theory, and by the endless claims of the anti-EU crowd, but it hasn't been. People use euros with no problem, every day, for transactions large and small. It's a major international currency, maybe second only to the dollar.
By your theory, and by the endless claims of the anti-EU crowd, but it hasn't been. People use euros with no problem, every day, for transactions large and small. It's a major international currency, maybe second only to the dollar.
Every time I travel abroad, I transact in local currencies for transactions large and small all over the world using real-time currency exchange rates via the magic of the Visa/Mastercard network.
If that was the core thing the Euro was supposed to solve, the better solution today is just an EU wide digital payments standard.
The point still stands, a common currency without the ultimate unification part is just disadvantageous for most.
Where's the evidence of disaster?
The Euro crisis was a disaster for multiple countries.
I wouldn’t hold them up as a shining example of “good” or “we should do the same”.
Even in recent decades the US has done much better economically than the EU.
There is a huge difference between EU states and US states.
You are missing the point. The problem is not that transactions work, the problems are with interest rates and government borrowing.