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Adinnieken said:
The problem that every EU member has that relies on the Euro as its currency is that it has no control of the currency. The UK, Japan, the US, Canada, Australia, etc, all have the ability to set their own monetary policy. If they need to take out loans, sell debt, or print money, they can.

No Euro-based nation can do that.

The EU would do better under a federal system, however I doubt that would every be possible.

Its one of the biggest disadvantages of the Euro but all countries know this before they join the EU. 



    

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