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Comment by Mainan_Tagonist | Hacker News Reader

Same perception here, none of what is said by GP should be downvoted. Almost 25 years after its implementation, it's high time the overall impact of the Euro was assessed objectively.

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But GP didn’t say that, he said it’ll be bad for Bulgaria and he’s objectively wrong, due to all the reasons outlined by others.

You simply do not know if he is objectively wrong. On the basis of 25 years of Euro, what we have observed is that in the eurozone, capital follows productivity, and countries tend to specialise in line with what their factor endowment and national inclination will let them. The Euro is usually "sold" as a miracle solution when it has only really been successful for countries that had a very export oriented string industrial sector, and even then, with mixed results (see Italy). Bulgaria can hope for capital inflows and increase in productivity but should also bear in mind that these factors are highly independent on economies of scale and overall sheer size of of the existing industrial base. Capital outflows and alignment with standard european prices may well be in order. This taking the average population age may be a killer. We'll see.

Again, he’s arguing that Euro will be bad for Bulgaria, not that the Euro is bad.

This is objectively wrong, since Bulgaria currently had 0 control over its currency, where joining the eurozone, they’ll have a vote at the table

I think you may be forgetting the big picture, which is to never have Europe spawning a World War again. In that regard, the fears (rational and irrational) of those with tendencies for isolationism are simply not relevant.

what are those odds looking like in the mid future? How many european governments are currently considered on the "extreme" spectrum? And what makes you think the Euro implemented in 2002 is the reason for the non-reoccurence of a war ended in 1945?

Studying the root causes of the two world war would certainly enlighten

It is just something we, the children of those who fought, promised to our grand parents on their deathbed. Such things matters.

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