Comment Re:Too bad (Score 1) 474
After seeing what lack of control of your own currency did to Greece, Italy, and Spain I've come to the conclusion the tight economic binding which is the EU is a bad idea.
Yeah, because insane regulation and widespread corruption can be easily solved with inflation.
Italy: Despite repeated reform attempts, short-term legislative reforms have not been implemented effectively, and the economy remains burdened by political interference, corruption, high levels of taxation, and a rigid labor market. Due to the complexity of the regulatory framework and the high cost of conducting business, a considerable amount of economic activity remains in the informal sector.
Spain: Spain continues to score below the world averages in fiscal freedom, government spending, and labor freedom.
Greece: Over the 20-year history of the Index, Greece's economic freedom score has declined by over 5 points. Despite improvements in five of the 10 economic freedoms, large declines in property rights, freedom from corruption, government spending, and investment freedom have more than offset any gains.
Form 2014 Index of Economic Freedom.
Meanwhile, the Netherlands has 5.3% unemployment, and GDP per capita of $42,194. Open to global commerce, the Netherlands has long benefited from a high degree of regulatory efficiency that facilitates entrepreneurial activity. The judicial system provides strong protection for property rights.