Our export dominated economy might make the euro a hard sell. Floating the dollar is very helpful since we can devalue it easily and boost exports. Being on the euro has some major downsides.
That said, also some major upsides. It’s just not a pure win.
I see it as a balance: with the euro you can’t change the value of the currency but you don’t have to pay fees and taxes to sell to 500 million possible customers.
Our export dominated economy might make the euro a hard sell. Floating the dollar is very helpful since we can devalue it easily and boost exports. Being on the euro has some major downsides.
That said, also some major upsides. It’s just not a pure win.
I see it as a balance: with the euro you can’t change the value of the currency but you don’t have to pay fees and taxes to sell to 500 million possible customers.