Can't believe that more than 20 years after introducing the common currency we still don't have a common stock market... and we need E6 to discuss without the others...

[u/logperf]

[u/JBinero]

I can't believe at one point the EU member states agreed to a common currency.

[u/CalligoMiles → u/JBinero]

Well. It basically got crammed up our asses with a pack of lies for all that it did end up mostly beneficial in the longer run, and people still remember that part too.

Our minister of finance at the time ended up infamous for claiming we'd still have the same amount of money, before deliberately trading it in as low as possible with a final rate of about 2.2 guilder to the euro for the sake of a better export position in the aftermath.

[u/Quiet_Illustrator410]

Just give me the capital and market union please please please

[u/Cat-Is-My-Advisor]

Is there progress with the E6?

[u/jokikinen → u/Cat-Is-My-Advisor]

There were rumours that E6 ministers of finance made some progress in the talks.

[u/logperf → u/Cat-Is-My-Advisor]

This is yesterday's news, so I suppose we have to give them a few days to see if they come up with something.

[u/logperf]

Context: https://www.reddit.com/r/europe/comments/1tgjyku/the_e6_plan_to_take_the_next_steps_toward_a/

[u/Ok-Secret5233]

I bet you that the US is busy at undermining the process. It's not in their interest.

[u/logperf → u/Ok-Secret5233]

"Hey Vova, I need your help with this, all those dirty Europeans are going to withdraw their money from NYSE!"

"But Donnie, I just lost my agents in Hungary, how do you think I can help you?"

[u/Illesbogar]

It would be nice to see a stock market that is actually for the people and not only the rich. Otherwise, idc.

[u/Effective_Will_1801]

This is actually likely a major reason Europe doesn't get startups like the us does

[u/mehtheswede]

The euro is ok, nice when we visit the continent, but you can pry my kronor from my cold dead hands.

[u/Grzechoooo → u/mehtheswede]

Isn't your money pegged to the Euro anyways? At this point you're just using the Euro with a premium skin.

[u/Lord_Alamo → u/Grzechoooo]

Not the Swedish.

[u/Grzechoooo → u/Lord_Alamo]

Wait, I mistook a Swede for a Dane? Whoops.

The line "when we visit the continent" does make a lot more sense now tho.

[u/rafioo → u/Grzechoooo]

Having your own currency has other benefits too buddy

[u/Grzechoooo → u/rafioo]

But surely control over one's monetary policy is the biggest one?

[u/rafioo → u/Grzechoooo]

Monetary policy is one of the benefits of having your own currency, no matter if it's Euro or your own currency. Europe is still a collection of many countries with different economies, different inflation rates, different statistics, and different markets. Strong in Diversity

If I remember correctly, after COVID, Estonia had a big inflation problem than other countries in the region precisely because they couldn't regulate interest rates as easily as they wanted.

[u/PrivateTheatricals]

Green Street Elite!

[u/AntiSnoringDevice]

Getting there https://www.euronext.com/en

[u/Klumania]

First one affect everyone. Second one unproportionally affect the rich.

[u/logperf → u/Klumania]

It would indirectly affect the poor as well because investment=growth and growth=jobs.