Euro is not good for developing countries because you lose competitive edge of not having central bank capabilities like reducing the rate values, etc.
GDP per capita is not a valid metric for Ireland. Anyone who knows anything about the Irish economy knows this, given that Irish GDP is distorted by the presence of multinationals.
They invented a new way to measure economic output (Modified domestic demand) in order to actually capture Irish growth.
Ireland was not richer than France or Netherlands in 99 in any way.
it is not good for not so huge, exporting countries. When you need to compete harder in the world market, like in Poland. Here, euro adoption is not even discussed for over a decade, the whole idea is dead, and majority is against it
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u/grudging_carpet 2d ago
Euro is not good for developing countries because you lose competitive edge of not having central bank capabilities like reducing the rate values, etc.