The Eurozone

Yesterday Lithuania became the last Baltic state to finally accept the euro as its new currency, replacing the litas. What are your thoughts on this and, more generally, what do you think of the Eurozone in general? I understand that users living outside of the European Union or outside of Europe may not know much about this, but you're still welcome to share you thoughts on the matter if you want to and it'd be interesting to get an outsider's point of view.

Personally, as a person that advocates the abolition of currency and wage labour, I think it's more important to focus on showing people that money - despite being a relatively recent invention in human history - is already an outdated concept, when we've seen alternative systems function successfully, ones that would continue to do so if they weren't considered a danger to capital and subsequently destroyed (the best and most famous example of this would be the areas where libertarian socialism flourished during and after the Spanish Revolution of 1936). However, I have to admit that a part of me that is at odds with this dislikes the Euro.

Although the litas was a fairly young currency, it was still almost 100 hundred years old. Part of me is dreading the day when Poland eventually adopts the Euro and gets rid of the ages-old złoty. Moreover, joining the Eurozone doesn't really seem to be all that beneficial - especially in recent years. From the point of view of a nation state in Europe, it's best to be in the EU but on certain agreements. And it isn't really fair that Denmark and the UK get to opt-out of the Eurozone, whilst every other member is in it already (the Western European members) or is "obliged" to join (the more recent Eastern European members, except for the Baltcic states of Estonia, Latvia and Lithuania, as well as Slovakia in East-Central Europe, who have all switched to the euro by now).

 

Haha, this gave me a good chuckle.