this post was submitted on 21 Mar 2025
14 points (100.0% liked)

Europe

4493 readers
2351 users here now

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

  1. This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
  2. No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
  3. Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
  4. No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
  5. Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
  6. If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
  7. Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They're cool, you should subscribe there too!)
  8. Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
  9. No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)

(This list may get expanded when necessary.)

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the mods: @federalreverse@feddit.org, @poVoq@slrpnk.net, or @anzo@programming.dev.

founded 8 months ago
MODERATORS
 

It was one of the most dramatic and radical policy reversals in European Union history. In less than 48 hours, Germany not only executed a seismic shift in its domestic budget policy but also suddenly pushed to rewrite the EU’s fiscal rules it itself helped to draft.

Brussels welcomed the first move as a long-overdue response to years of urging Germany to invest more, rather than let itself be constrained by a constitutional limit on borrowing.

But the second? That was seen as a unilateral move — an overcorrection that unsettled even Germany’s closest allies.

you are viewing a single comment's thread
view the rest of the comments
[–] manxu@piefed.social 4 points 16 hours ago (1 children)

The amount of trade between EU countries forces them to have an equalized exchange rate. That has been true since long before the Euro was even implemented, and the constant pressure on a particular currency that had a hard time keeping the fixed exchange rate frequently brought turmoil. If you don't believe me, just look up Black Wednesday 1992.

The Euro is just the financial manifestation of that forced equalization. A manifestation that gives consumers greater price transparency in cross border dealings. If it really had had a major role in the rise of the far right, countries that use the Euro would have seen a greater rise than those that do not, and that really doesn't seem to be the case.

[–] davesmith@feddit.uk 0 points 12 hours ago

I very clearly said "ultimately contributing to the rise of the far right" not "had had a major role in..."