alt Hacker NewsWhy wouldn't the price also fluctuate if it is in Euros?
Doesn't the price fluctuation reflect an economic reality?
Related: couldn't a country adopt euros voluntarily without joining the EU? Like Ecuador adopted US dollars.
Why wouldn't the price also fluctuate if it is in Euros?
Doesn't the price fluctuation reflect an economic reality?
Related: couldn't a country adopt euros voluntarily without joining the EU? Like Ecuador adopted US dollars.
The euro is very stable because it's a used by some big countries (in population and economy). So prices can fluctuate but less because there is little currency-related fluctuation.
Also yes, a country can adopt the euro unilaterally, that's the case for Kosovo and Montenegro.
But that's a tough situation because they're not represented at the CBE, they don't get a say in how much money gets created, banks can't get financing from the CBE...