what else you propose to measure economic performance

I specifically stated the introduction to euro made consumer goods less affordable, therefore rendering the population poorer -- whatever GDP growth rates are present, the purchasing power is much more relevant

of course im well aware of pecularities of gdp and that high gdp doesnt necessarily mean people are well off but I dont see much of it applying here and anyway, these are details, in rought terms gdp *always* applies and theres no going over it

>whatever GDP growth rates are present, the purchasing power is much more relevant
but there exist a thing called GDP PPP to measure that

GDP PPP of Russia and Poland matched before 2014, sometimes Russia even surpassed Poland, yet I don't really need to point out which country was doing better

im well aware of this fact and I know why thats the case the explanation is rather straightforward

yet that explanation will be irrelevant in relation to you not being comfortable with my statement about poverty and introduction to euro in Baltic states

simple as

not being aggressive or something

but again in case of poland and russia still gdp applies and there is nothing wrong with it, it's people misleadingly interpreting it

I mean yeah you totally can have poverty and high gdp growth

wait what did I say in thebeginning

ahh

the point was about dynamics of both, my initial statement referred to poverty increasing while GDP continues to grow

what I mean is not really the case of Estonia is that in general higher GDP = richer country(not people!)

yeah i just misunderstood you I think

nvm

the >country (not people) reference was the reason I clarified my statement later

>the point was about dynamics of both, my initial statement referred to poverty increasing while GDP continues to grow
yeah thats possible

and since then, we were arguing about the warm and the soft

Shit finally my friend left and im in bed

that happens in the UK, the US

Sti cant breathe

i.e. about essentially different stuff

Wassup ppl

not sure whether people say something like that outside a certain country

but i wouldnt blame euro for that anyway

there are obviously numerous different reasons, sometimes non-straightforward as fuck

its related to your own economic structure not to euroe itself euro causes different problems

the euro introduction effect that things get more expensive I think its purely psychological and not really there at all might look for a source if you need that I think that was proven on slovakia

I like slovakia 😃

the introduction of euro is something that can work out for a country, or not -- and the case of Baltic states and quite honestly, Finland, is the latter

Wasnt finland always kinda piss poor? Half of my extended family migrated to sweden before euro time

no, it's not psychological, the prices in kroon, lats and litas after the introduction did rise up to 25%

@MrJack that before euro time could easily be the crisis in 1989-199x

Oh yea make sense

which hit Finland so hard it haven't recovered to present day

the problems euro can cause is that of course you have no independent fiscal policy so you can't depreciate your currency when crisis comes but thats a different thing when did estonie introduce euro?

these problems have no relation to the introduction of euro in 2011, 2013, and 2015

in Estonia, Latvia and Lithuania respectively

yeah and I say theres no problem in baltics because of euro