Snapshot of Eurozone inflation falls to 5.5% in sharp contrast to UK. Economists put reason for divergence down to Brexit and Britain’s energy price guarantee.

  • emerty
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    1 year ago

    So because the US has terribly performing states, that somehow justifies not being able to set your own monetary policy? That’s a weird argument.

    Maybe the reason Spain and all the other Southern European countries that struggle to run a decent economy is because the euro is set up to benefit the biggest manufacturers…

    • sunbeam60@lemmy.one
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      1 year ago

      Oh don’t worry they were struggling to do well before the euro. You could argue that being a euro member saved some of them during the crash.

      • emerty
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        1 year ago

        No doubt. European austerity made it worse though post GFC. The US and China used a shed load more fiscal stimulus than the EU, and have added trillions of extra GDP as a result.