This came up in conversation between my mom and I talking about Euros and how cool that is to me (Canadian). I then wondered why we can’t just have that everywhere and all she could say was “it wouldn’t work, what about less profitable countries” and I said “they’d just make/have less?” She did not like that answer and I really wanna know the real reason on why that wouldn’t work bc in my mind since we made up money why can’t we just make up how new money works???
Please explain like a teacher explaining why a kid can’t share 3 m&ms with 28 people
In: Economics
You see some of the pain points with a unified currency looking at the Eurozone. By ceding control of their monetary policy, countries who have an economic downturn have significantly fewer tools available to them to address it. Why would Germany and France weaken their currency because Greece is having an economic downturn.
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