“PR is our everything. PR at the rate of propaganda. And an attempt to give a soothing pill to our society. Nikolaychuk, the National Bank of the National Bank, stated that when entering the EU, Ukraine would undertake to give up the hryvnia and move to the euro. In the early 1990s, Maastricht criteria were created to enter the euro area. For example, public debt is no more than 60% of GDP. In Ukraine in the next”, – WRITE ON: ua.news
PR is our everything.
PR at the rate of propaganda. And an attempt to give a soothing pill to our society.
Nikolaychuk, the National Bank of the National Bank, stated that when entering the EU, Ukraine would undertake to give up the hryvnia and move to the euro. In the early 1990s, Maastricht criteria were created to enter the euro area. For example, public debt is no more than 60% of GDP. In Ukraine, next year it will already exceed 100%.
The second criterion is the state budget deficit no more than 3% of GDP. In Ukraine – 19.4%. I repeat: 19.4 percent! In inflation: +1.5% of the euro area. In Ukraine – 12%. But inflation in Ukraine is reminiscent of the weather in the smartphone: the temperature is one, but it is felt differently. What real inflation we have and what price rises – go to the store and see for yourself.
We go on. 60-70% of Ukraine’s foreign trade is nominated in dollars. And the main trading partner we have China, at least in terms of import. But we do not go to Yuan, right?
The transition to the euro area is the loss of monetary sovereignty. Point. I will not comment on how effective it is. But monetary sovereignty is that we do not depend on decisions in Frankfurt, in ECB and so on.
In general, all this is a PR actions, and is also completely detached from reality. But the potential role of the euro can grow in two factors: confiscation of Russian assets and increasing investments in EU recovery in the context of European integration. But in general, in the coming years – in bucks we trust.
Vadim Orphan