What the Italians is saying at the start is called inflation. It has nothing to do with euro. You don’t buy the same thing with £100 or $ now compared to 20 years ago too.
“In a detailed study on the issue, he tracked the prices of different everyday goods in the eurozone — from fruit, vegetables and bread, to beverages and restaurant meals — and found that the prices of some inexpensive products really did increase as a result of the switch to the euro.”
“Reputation” they said…
not sure how truthful my old colleague was. but from her perspective, she was getting paid 3000 local currency, to over night start getting paid 2000 euros. But the prices all stayed the same for bills/in supermarkets etc… so effectively, even though nothing changed. The cost of living DID sky rocket due to receiving less and keeping the same cost of living.
Is that the Euros fault directly? No. Does that mean these people are lying? also No. it means the implementation of such currency was badly planned, or the governments/eu government do not care about poverty and equality/good lifes as much as they say they do.
Ah yes, people increase the price of their products and it’s the Euro to blame.
Maybe we should go full communist and let the state fix the prices.
I can understand vendors doing this when the switch to the euro happens, but I can’t understand how this artificially inflated price would survive in a free market economy. At some point, a competitor would see an opportunity to lower prices, which would lead to reaching equilibrium.
In non euro zones such as Hungary, you can detect far more inflatiion rates. The official is about 7.5% the real on everyday goods are 10-20% per year.
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What the Italians is saying at the start is called inflation. It has nothing to do with euro. You don’t buy the same thing with £100 or $ now compared to 20 years ago too.
“In a detailed study on the issue, he tracked the prices of different everyday goods in the eurozone — from fruit, vegetables and bread, to beverages and restaurant meals — and found that the prices of some inexpensive products really did increase as a result of the switch to the euro.”
“Reputation” they said…
not sure how truthful my old colleague was. but from her perspective, she was getting paid 3000 local currency, to over night start getting paid 2000 euros. But the prices all stayed the same for bills/in supermarkets etc… so effectively, even though nothing changed. The cost of living DID sky rocket due to receiving less and keeping the same cost of living.
Is that the Euros fault directly? No. Does that mean these people are lying? also No. it means the implementation of such currency was badly planned, or the governments/eu government do not care about poverty and equality/good lifes as much as they say they do.
Ah yes, people increase the price of their products and it’s the Euro to blame.
Maybe we should go full communist and let the state fix the prices.
I can understand vendors doing this when the switch to the euro happens, but I can’t understand how this artificially inflated price would survive in a free market economy. At some point, a competitor would see an opportunity to lower prices, which would lead to reaching equilibrium.
In non euro zones such as Hungary, you can detect far more inflatiion rates. The official is about 7.5% the real on everyday goods are 10-20% per year.