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42 sats \ 8 replies \ @Satosora 24 Apr 2024 \ on: ECB Advocates for Coordinated Public Investments in Europe econ
Is europe stronger together or individually?
a difficult position for me as a libertarian. geopolitically, it certainly makes sense to cooperate, and the integrated single market would also be a good solution for free competition, if it were allowed. however, i firmly believe in the fragmentation of power units into the smallest possible units in order to strengthen the sovereignty of the individual. in the long term, this will result in a strong cultural community
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I always hear about one country supplementing another.
Which shouldnt be their problem..
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the whole illusion of the eurozone was based on applying Germany's credit rating to the bankrupt southern european states. this was supposed to lead to economic convergence, but this has turned out to be the opposite.
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Does germany have a lot of gold backing up their currency still?
They went through 2 stages of hyperinflation?
I just feel that germany gets the brunt of the action, always having to bail out the other not so wealthy places.
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the German Bundesbank still holds around 3400 tons of gold. a fairly large amount
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Im not trying to sound ignorant, but I feel the countries that can speak german are the ones that can manage money well.
The other countries need to get it together.