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by Silhouette
2932 days ago
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And it also makes a difference for a company, as you can set a € price, and it can work for more or less the entire EU. Unfortunately, that isn't really what happens in practice. Although many states share the same currency, they do not share the same wealth or cost of living. You can't just pick one price for your product or service in Euro and then expect that everyone from France and Germany to Greece and the Eastern European states will be able to afford it. The EU might like to present itself as a single market, and it tries very hard to force people to set one price that applies throughout. However, the illusion is shattered when it comes into contact with the more diverse reality, and there's always a risk when you artificially distort markets for political reasons that you'll do more harm than good. |
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Setting a price in the US will mean you also exclude people from poorer regions where cost of living and wages are lower. This is not exclusive in the eurozone.
Also, your last argument makes little sense in my opinion. The EU's predecessors itself massively distorted both steel and coal markets to "force" peace and cooperation through the contintent and deal with the age old problem of nationalism and revenge over old wars...
Could that be considered a bad thing because it distorted the markets? I highly doubt many would agree?