• 14 Posts
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Joined 2 years ago
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Cake day: June 10th, 2023

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  • The government has to balance the budget anyway, and devaluing your currency is a bit like peeing your pants. It’s nice and warm for a bit and then increasingly uncomfortable.

    Inflation goes up, you see capital fights because you’re not a reliable currency, you increase your national debt, and you instantly make the entire population poorer than their neighbor countries.

    So while there are some benefits, most economists argue against it.

    I can’t say if Sweden going for the Euro is good or bad for Sweden, and there’s a paradox in asking people about it, because if the SEK is weak then support goes up, but it’s a bad time to join because of the low value, but if the SEK is strong then support goes down, although we’d be in a much position to join.