You may gain something by joining the Eurozone, but there is much more to lose. There are very few gains that can be made in terms of investment and development. There is a huge lack of flexibility that you impose on yourself. Not being able to rely on your own currency in the midst of a crisis. It seems pointless to me. Under no circumstances should you join the euro. This was stated before NOVA former Greek Finance Minister Yannis Varoufakis.
“By joining the Eurozone, you may gain something, but there is much more to lose. If you look at the history of the European Union after the introduction of the euro and look for success stories among the new members, you will find that the greatest benefits we have received from the EU have nothing to do with the euro. It is good for the countries to be members of the Union, but not of the Eurozone. There are very few gains that can be made in terms of investment and development. There is a huge lack of flexibility that you impose on yourself. Not being able to rely on your own currency in the midst of a crisis. It seems pointless to me. “Under no circumstances should you join the euro,” he stressed.
According to him, Poland and the Czech Republic “will never make this mistake.” Varoufakis is surprised by Bulgaria’s decision to do so. There will be no serious difference after entering the Eurozone from the point of view of the pandemic.
“The euro will not help you. The false sense of benefit is suggested by the willingness of the European Central Banks to print money, but it is a double-edged sword. My recommendation is – stay away, “he added.
He said the pandemic would have ended by now if everyone had been vaccinated.
“It simply came to our notice then. The first was when the EU failed spectacularly to provide the number of vaccines we needed quickly enough. It was a fiasco organized by EC leader Ursula von der Leyen. It was disgusting that until the United States, the United Kingdom and even Russia made progress on vaccine supplies, the EU failed. The second failure was when the vaccines came and now we have enough stocks, but a large percentage of the population does not want to be vaccinated. And our governments are not good enough at persuasion, “said the economist.
According to him, they have unleashed the language of punishment and imposed authoritarian measures that do not work. He expressed concern that the new wave would occur in a month.
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