Giving up on having a Central Bank has consequences, but none of them are relevant in the context of comparison with US states, as this thread started from, because they also all use the dollar and have the same central bank.
If I’m not mistaken, in the US there are money flows at the Federal level from the stronger economies to the weaker ones.
There is no such thing in the EU beyond the “structural funds” which countries with weaker economies receive when they join but which stop after a while (and which both Portugal and Greece wasted in roads and corruption).
So those two situations are not the same, they’re only partially similar.
Giving up on having a Central Bank has consequences, but none of them are relevant in the context of comparison with US states, as this thread started from, because they also all use the dollar and have the same central bank.
If I’m not mistaken, in the US there are money flows at the Federal level from the stronger economies to the weaker ones.
There is no such thing in the EU beyond the “structural funds” which countries with weaker economies receive when they join but which stop after a while (and which both Portugal and Greece wasted in roads and corruption).
So those two situations are not the same, they’re only partially similar.