this post was submitted on 08 Jun 2025
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No thanks, the Euro area has enough problems itself. Hence their desire to rush in a CBDC, and to limit free speech.
This report outlines the economic fantasy land of Europe the best.
https://icecap.wpengine.com/wp-content/uploads/2022/10/2022.02-IceCap-Global-Outlook.pdf
"To demonstrate our skepticism towards the Europeans’ ability to achieve escape
velocity and forever leave behind their zombie banking system, unmarketable
debt and complete dependence on suppressing price discovery - consider the
following policy reactions orchestrated by the European Central Bank (ECB) since
the 2008-09 crisis:
• European Financial Stability Facility (EFSF)
• European Financial Stabilisation Mechanism (EFSM)
• European Stability Mechanism (ESM)
• Outright Monetary Transactions (OMT)
• Long Term Refinancing Operation (LTRO)
• Long Term Refinancing Operation II (LTRO)
• Long Term Refinancing Operation III (LTRO)
• Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)
• Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain
• Activation of FED USD Swap Lines
• Asset Purchase Program (APP)
• Corporate sector purchase programme (CSPP)
• Public sector purchase programme (PSPP)
• Asset-backed securities purchase programme (ABSPP)
• Covered Bond Purchase Programme (CBPP)
• Covered Bond Purchase Programme II (CBPP)
• Covered Bond Purchase Programme III (CBPP)
• Pandemic Emergency Purchase Programme (PEPP)
• Quantitative Easing (QE)
• Zero Interest Rate Policy (ZIRP)
• Negative Interest Rate Policy (NIRP)
Recal"
Yea I would not want to give up monetary sovereignty to them either, it will not work long term, and the needed bailouts are just a symptom of the larger issues