Naturally, bc then it would be much harder to scam eurozone tourists.
MoraleIsOptional on
If you look at it positively, only 4.3% backed the ruble.
Realistic-Berry_888 on
the article is generally showing Czech society as EU friendly so that’s nice
I wish they surveyed also for reasons of not wanting to adopt euro, wondering how similar they’d be to the Polish ones
1_Gamerzz9331 on
i live in a country that uses euro that is named lithuania
BavarianMotorsWork on
Good for them. Based Czechs!
Madman_Sean on
Euro in developing (in EU terms, not global) nations is really bad idea since ECB policies aren’t suited for them
Baltic nations for example had inflation rates peaking at 20+%, and they still have inflation rates about 2-2.5pp higher than euro zone average
Imagine for example you have an apartment worth 100k€ and you take a mortgage against it. Next year material and labour prices go up 10% and with it prices of new construction and because of it value of the existing stock goes also 10%. Then you go to the bank to demand new loan, but now valued 10% higher and all of a sudden there is mlre money in economy without real economic growth generating more inflation and cycle continues. This can happen because ECB rates are much lower then they should be for countries that are rapidly developing, while with domestic currency interest rates would be higher and that wouldn’t be possible
sticky_wicket on
They have the best system now so this makes sense. Prices in Euros and their own currency, you can pay with either. They can devalue their currency and not be stuck with whatever is best for the French and German economy.
AdPrestigious4085 on
Don’t worry, it’s not like we won’t do it, it’s just not the greatest time, that’s all. In reality I think most want to be wanted in and it just doesn’t really feel like it. The benefits should be made more known, like it’s a deal or something they are promised – probably more than just promised even, the public is very untrusting in giving “power of a state” away. If it can be seen as.
8 commenti
Naturally, bc then it would be much harder to scam eurozone tourists.
If you look at it positively, only 4.3% backed the ruble.
the article is generally showing Czech society as EU friendly so that’s nice
I wish they surveyed also for reasons of not wanting to adopt euro, wondering how similar they’d be to the Polish ones
i live in a country that uses euro that is named lithuania
Good for them. Based Czechs!
Euro in developing (in EU terms, not global) nations is really bad idea since ECB policies aren’t suited for them
Baltic nations for example had inflation rates peaking at 20+%, and they still have inflation rates about 2-2.5pp higher than euro zone average
Imagine for example you have an apartment worth 100k€ and you take a mortgage against it. Next year material and labour prices go up 10% and with it prices of new construction and because of it value of the existing stock goes also 10%. Then you go to the bank to demand new loan, but now valued 10% higher and all of a sudden there is mlre money in economy without real economic growth generating more inflation and cycle continues. This can happen because ECB rates are much lower then they should be for countries that are rapidly developing, while with domestic currency interest rates would be higher and that wouldn’t be possible
They have the best system now so this makes sense. Prices in Euros and their own currency, you can pay with either. They can devalue their currency and not be stuck with whatever is best for the French and German economy.
Don’t worry, it’s not like we won’t do it, it’s just not the greatest time, that’s all. In reality I think most want to be wanted in and it just doesn’t really feel like it. The benefits should be made more known, like it’s a deal or something they are promised – probably more than just promised even, the public is very untrusting in giving “power of a state” away. If it can be seen as.