this post was submitted on 25 Feb 2024
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[–] queermunist@lemmy.ml 79 points 8 months ago (14 children)

a region with currency sovereignty running out of money

Gibberish.

[–] Kaplya@hexbear.net 55 points 8 months ago* (last edited 8 months ago) (10 children)

The EU countries under eurozone has no currency sovereignty because money creation is subjugated to the European Central Bank but every member state has their own separate fiscal policies, and the ECB has no mechanism to absorb the imbalances between different member states.

It will go down in history as one of the stupidest ideas humankind has ever implemented in practice.

But in reality it’s not so “stupid” because neoliberal bankers in the rich countries like France and Germany made a lot of profit out of it, and will use this “running out of money” excuse to impose austerity and extract even more wealth and funnel them to the very top 0.1%.

[–] johnmccainstumor@hexbear.net 17 points 8 months ago (1 children)

Europe really should be ruled by Moscow as a colony. No money printing, no voting, just give it to them! THEY WANT IT! I WANT IT!

[–] ClimateChangeAnxiety@hexbear.net 10 points 8 months ago (2 children)

Can Florida also be run this way

[–] fox@hexbear.net 7 points 8 months ago (1 children)

Within 50 years Florida will be more or less annexed by Atlantis

[–] wtypstanaccount04@hexbear.net 1 points 8 months ago

Putin would still be a better leader of Florida than Desantis, so

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