In terms of larger countries, it has been beneficial for France and Germany, less so for Italy
It’s just a way for the wealthy metropoles to turn poorer members of the EU into neocolonies. Yeah, it’s great for rich Europeans! Not so much for everyone else. Without the ability to deficit spend (because they lack currency sovereignity) they are forced to do austerity and privatization. It’s just financial imperialism.
You do know that these wealthier countries pay more into the EU and the poorer countries get structural funding for infrastructure etc to help them catch up to the wealthier?
It isn’t to help them catch up, it’s to keep them limping along without collapsing entirely, while at the same time keeping them dependent so they don’t think of trying to escape. It has the same function as the IMF/World Bank.
It’s just a way for the wealthy metropoles to turn poorer members of the EU into neocolonies. Yeah, it’s great for rich Europeans! Not so much for everyone else. Without the ability to deficit spend (because they lack currency sovereignity) they are forced to do austerity and privatization. It’s just financial imperialism.
It’s a bad system and it will collapse.
You do know that these wealthier countries pay more into the EU and the poorer countries get structural funding for infrastructure etc to help them catch up to the wealthier?
It isn’t to help them catch up, it’s to keep them limping along without collapsing entirely, while at the same time keeping them dependent so they don’t think of trying to escape. It has the same function as the IMF/World Bank.