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Neodym
TLDR News EU
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Comments by "Neodym" (@neodym5809) on "Illegally Using the Euro: Is Bulgaria the Next to Officially Join? - TLDR News" video.
@blechtic There are no laws against using it, but if you want to join the EU, this becomes an issue, because a criteria to be met is a stable currency, which you can not meet if you have no currency. And Montenegro is on the waiting list.
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Sweden has to adopt the Euro the second they meet the criteria. For some reason, they fail every year.
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No. Scotland would require its own currency to join the Euro (this is the problem Montenegro currently has). When they are a member they would have to join the Euro, after they met the necessary criteria. But as Sweden shows, you can deliberately fail to meet those criteria and therefor never join.
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Why? Almost 50% of exports go to Euro nations. Only 2.91% goes to the US. It makes more sense to peg to your most important market?
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@michaeldunham3385 The price for German reunification was adopting the Euro, the French demanded as much. It is not a myth, but a historic fact.
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It only cares if those countries want to join the EU, too.
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@Sir_Gerald_Nosehairs. What better victory for the EU than part of the UK rejoining? Especially as countries like Spain welcome an independent Scotland into the EU.
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@Sir_Gerald_Nosehairs. How often does the Government of Spain has to say they welcome Scotland? Their only condition is that independence has to be in accordance with the constitution, and thereby Catalonia is a non issue. There is also EFTA as a third option for Scotland.
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@m.d.9277 Agreed, it would actually be illegal under EU rules to join the Euro instantly.
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@uninstaller2860 This would be incorrect, as Deutsche Bank is a private bank. It would be Deutsche Bundesbank.
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Bulgaria is already an EU member.
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@mweskamppp no. The rules for joining the EU are that the country needs to have its own, stable currency to proof that they are economical healthy. If a country does not have its own currency, it effectively can not join.
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@Emanuel-E You are wrong. Denmark has an official opt out of the Euro. Nobody wants to kick them out.
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@Emanuel-E Every country has special deals with the EU. By your logic, all members have to leave.
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