Earlier quoted context omitted.
EU is a sinking ship and more integration with it means more damage when it finally implodes.
I mean, I feel I have to point out that Eurosceptics have now been predicting the imminent death of the EU and its predecessors for over half a century at this stage. "It's doomed" is not the most compelling argument.
Bulgaria to join euro area on 1 January 2026
301–310 of 340 posts
Re: Bulgaria to join euro area on 1 January 2026
#302Earlier quoted context omitted.
I mean, I feel I have to point out that Eurosceptics have now been predicting the imminent death of the EU and its predecessors for over half a century at this stage. "It's doomed" is not the most compelling argument.
nickslaughter02 accounts only comments seem to be slandering the EU.
Re: Bulgaria to join euro area on 1 January 2026
#303Doubling of the prices overnight coming like in Croatia and many countries before it?
If prices doubled so should GDP, right?
Re: Bulgaria to join euro area on 1 January 2026
#304Re: Bulgaria to join euro area on 1 January 2026
#305Earlier quoted context omitted.
Thinking about it, the comparison really isn't that bad. West Germany had just reunited with the East, and France was definitely on a similar upward trajectory as Bulgaria is today.
When the EU was formed, its members' economies were comparable. The lev was pegged to the euro in 1999, Bulgaria was roughly 80% poorer than the EU leaders (I'm using PPP figures from ChatGPT to make these comparisons, I don't know if I'm making any sense)
Re: Bulgaria to join euro area on 1 January 2026
#306Get ready for prices to increase significantly (but not necessarily orthogonally to income) just like they have in every other place that switched to the Euro
Re: Bulgaria to join euro area on 1 January 2026
#307Earlier quoted context omitted.
> but those are the same people that made the plastic caps permanently attached to the bottles It's still hilarious to me how upset people are at this (or at least pretend to be).
My question is - who is buying all these drinks? I haven't bought anything in plastic bottle for years. Most drinks are either glass or cans.
But just because you don't drink soft drinks or bottled mineral water much, doesn't mean others don't either.
Re: Bulgaria to join euro area on 1 January 2026
#308Credit where credit is due: the EU gets a lot of flack for being bureaucratic, hidebound, sclerotic, whatever, but the single currency has been a success and it's still expanding, 26 years after its creation. Also, the addition of Bulgaria means it's almost possible to travel from Spain to Greece entirely through the Eurozone, with only a thin sliver of Serbia or Macedonia in the way. (Assuming we include Montenegro…
Polish here, very much against adopting the euro until our standard of living and growth rate matches Germany (no at least not for next 10 years). Why? Because the disadvantages far out weight the benefits for developing countries. The biggest issue is giving up one of the biggest instrument of control over the economy to a supra-national non-democratic organisation. Surely the monetary policy will follow what is bes…
What part of the EU and ECB is not democratic?
Re: Bulgaria to join euro area on 1 January 2026
#309Earlier quoted context omitted.
Who is not democratically elected? The EU Parliament is directly elected. The EU Council is comprised of EU country head of states, which are all directly elected. The EU Council and EU Parliament then elect the EU Comission. Sounds democratic to me.
The EU Parliament is not democratically elected because votes from member states have a different weight. The election is free but not fair. It's also one of the few parliaments that can't propose laws on their own but can only veto laws proposed by the EU Commission. The powerful EU Commission being appointed by governments (and again only approved by the Parliament) is a form of executive federalism. This makes the…
Re: Bulgaria to join euro area on 1 January 2026
#310Earlier quoted context omitted.
Polish here, very much against adopting the euro until our standard of living and growth rate matches Germany (no at least not for next 10 years). Why? Because the disadvantages far out weight the benefits for developing countries. The biggest issue is giving up one of the biggest instrument of control over the economy to a supra-national non-democratic organisation. Surely the monetary policy will follow what is bes…
You are overcomplicating this. Poland is nepotist kleptocracy, EU and NATO membership away from Belarus. They should adopt euro since yesterday, it's strategic goal in line with membership in EU and NATO. Switzerland can have their own currency, where inflation over 2% is a scandal. Sweden can have their own currency, they produce their own cruisers, submarines, fighter jets, and artillery. Poland kicked out their la…