Now that the dust has settled, what's /biz/'s opinion on the adoption of the Euro?
retardedhttps://en.wikipedia.org/wiki/Optimum_currency_area
>>61326747Never understood how a single currency would work for multiple countries with different economic health.
>>61326859It doesn't. A common BRICS currency is even less plausible.
>>61326747That's like adopting a malnourished African toddler.
>>61326913If BRICS currency ends up being truly gold backed, it'll BTFO all fiat.
>>61327197As an asset, why not just buy gold? I don’t see it working for them as a currency.
>>61327206>why not just buy gold? I have some already.>I don’t see it working for them as a currency.Picrel
/pol/ hates it so it must be a good thing.
The bad thing about it is that the member countries has to buy each others debt and that has meant the productive Norf having to basically subsidize the Souf and their spending
>>61326752>it was retarded at the time (1999), but 26 years later has just barely become non-retardedhmm alright. yeah, damn how was the BRICs currency going to work? no fucking way.
>>61327568>people that shoveled dirt all day for a few calories used le heckin goldDumb retard.
>>61326747UERSS
>>61327197>If BRICS currency ends up being truly gold backedIt won't
All fiat becomes worthless. You converted Deutsche Mark with a 2:1 ratio, 2DM for 1€. There are 5DM commemorative coins, 625 silver 7grams fine exactly. I remember buying 5DM for exactly for 5€ in bulk 3ish years ago. Now they trade at 10€.All fiat returns to nothing
