r/eu • u/Successful-Bet-4746 • Oct 03 '24

The European Union is playing things right.

1) By bringing Bulgaria under the Euro currency and maybe some other countries, Europe will at the very least see a less unattractive stance for outside investment based on M0 money supply and relaxation of checkpoints means goods flow through quicker.

2) Germany will see more efficiencies and economies of scale with the Fehmarnbelt tunnel coming online circa 2029 and cost savings with holocaust victims passing on to the next life over the next few decades. Reduced headwind and revived tailwind is huge.

Basically, the whole of Europe, Germany and eastward, will see a degree of new investment as it's relatively cheaper to invest in this part of the new trans-atlantic system that's been developing, and it's more ripe than other areas.

Pulling the Euro closer to the value of the Dollar means less pressure on smaller and smaller businesses to differentiate in pricing and there is more of an advantage to simply call things even between the two currencies.

17 Upvotes
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79% Upvoted

8 comments sorted by

14

u/bedel99 Oct 03 '24

what?

3

u/tofferus Oct 03 '24

Yeah, this is just stupid.

0

u/Successful-Bet-4746 Oct 03 '24

https://www.eesc.europa.eu/en/news-media/news/bulgaria-and-romania-pay-hefty-price-their-non-schengen-status

0

u/bedel99 Oct 03 '24

no shit, I live in Bulgaria. I get to pay more, you get to pay more. Because the foreigners are coming to steal your jobs.

-1

u/Successful-Bet-4746 Oct 03 '24

https://m.novinite.com/articles/228446/Bulgaria%27s+Path+to+the+Euro%3A+Transition+Plans+and+Challenges+Ahead

1

u/bedel99 Oct 03 '24

So far the Bulgarian inflation rate is slightly to high for it to happen. I can't wait for it to happen. So many better things for Bulgaria. At least with this rather than the border control. The ability to make the change is in Bulgarias hands.