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Latvia will be the 18th member of the eurozone
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<p>[QUOTE="chrisild, post: 1725619, member: 39"]... is not quite what the euro is. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> The European Union is not 27 (or 28 as from 1 July) separate countries - by joining the EU you give up some sovereignty. A country that is not willing to deal with that should stay out, or leave, as the example of the UK will hopefully soon show. Even if a country "only" joins the EEA (such as Norway), it will be subject to EU legislation.</p><p><br /></p><p>In the history of the European Union there have been many cases where the "start it now, fix it on the way" method has worked fine. And like some others, I hoped that would apply to the currency union too. Well, has not really worked so far. May have something to do with the "renaissance" of nationalism in various European countries, may have other reasons. As for "helping out", in my opinion there is nothing wrong with that - we do that within Germany too: "Poorer" states get compensation, to some extent, from "richer" states. How far this goes with regard to the euro, is an issue that even the Federal Constitutional Court (BVerfG) in DE is currently trying to decide. And "no control" is certainly not correct; ask the Greek for example about the difficult changes the country has been going through.</p><p><br /></p><p>Ah well, in Coin Talk many euro topics lead to discussions like this one, with mostly political comments. Maybe because this is basically an American site, dunno. Fine, but that is why I hardly ever write anything euro-related here (except for replies maybe) and rather take it elsewhere: Somebody posts that Latvia is about to join the currency union, in a coin forum, and shortly afterwards you see replies about why the country should not be in the euro area, or not even be in the European Union. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1725619, member: 39"]... is not quite what the euro is. ;) The European Union is not 27 (or 28 as from 1 July) separate countries - by joining the EU you give up some sovereignty. A country that is not willing to deal with that should stay out, or leave, as the example of the UK will hopefully soon show. Even if a country "only" joins the EEA (such as Norway), it will be subject to EU legislation. In the history of the European Union there have been many cases where the "start it now, fix it on the way" method has worked fine. And like some others, I hoped that would apply to the currency union too. Well, has not really worked so far. May have something to do with the "renaissance" of nationalism in various European countries, may have other reasons. As for "helping out", in my opinion there is nothing wrong with that - we do that within Germany too: "Poorer" states get compensation, to some extent, from "richer" states. How far this goes with regard to the euro, is an issue that even the Federal Constitutional Court (BVerfG) in DE is currently trying to decide. And "no control" is certainly not correct; ask the Greek for example about the difficult changes the country has been going through. Ah well, in Coin Talk many euro topics lead to discussions like this one, with mostly political comments. Maybe because this is basically an American site, dunno. Fine, but that is why I hardly ever write anything euro-related here (except for replies maybe) and rather take it elsewhere: Somebody posts that Latvia is about to join the currency union, in a coin forum, and shortly afterwards you see replies about why the country should not be in the euro area, or not even be in the European Union. :rolleyes: Christian[/QUOTE]
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