Yes but there is something to be gained - stability - in a currency union with a major energy exporter.
Of course, w're talking about Russia, so there's no *net* gain in stability.
Nevertheless, I can point to that as a functional argument for Russia in the Eurozone. There really are none for England that outweigh the risks accompanying London's reckless banking behemoths.
I understood that the Europeans had for years been doing everything they could to get out of long-term contracts fixing the price for Russian gas. The contracts were denominated in dollars, which are a lot more stable against the Euro than energy is.
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timeasmymeasure
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Date: 2014-12-16 11:21 pm (UTC)Of course, w're talking about Russia, so there's no *net* gain in stability.
Nevertheless, I can point to that as a functional argument for Russia in the Eurozone. There really are none for England that outweigh the risks accompanying London's reckless banking behemoths.
no subject
Date: 2014-12-17 11:15 am (UTC)