Written by Piero Messina
Brussels has welcomed Croatian citizens to the Monetary Eurozone as only it knows how: a mountain of increases with the prices of food and raw materials literally going crazy. A dramatic situation for a country already grappling with inflation at 13 percent per year. The changeover from the “kune” currency to the euro costs Croatia price increases ranging from 5 to 20 percent compared to prices before the introduction of the single European currency. As usual, no one has complied with the official conversion rates and with the excuse of rounding prices, tariffs and products, even those of basic necessity, have skyrocketed. It is a story that always happens when a nation adopts the euro as its official currency.
Exactly twenty years ago the euro came into force. In Italy, which had adopted a “crazy” exchange rate (equal to 1936.27 lire for one euro), it happened that the prices of everything that was tradable practically doubled from one day to the next. In short, even in Croatia the new life under the single currency of Brussels is not starting well. The country adopted the euro only ten days ago and there is already a sharp rise in prices, especially for food and services. These increases are considered unjustified by the government, which has announced an intervention in the next few days.
Most of the increases are roundings which in many cases greatly exceed the conversion rates. For this reason, many traders, restaurateurs and even some supermarket chains have been accused by the press of having taken advantage of the currency exchange. The wrath of citizens has also exploded on social networks, denouncing, among other things, price increases for bread and butter of up to 30%. Prime Minister Andrej Plenkovic also accused “a part of traders and entrepreneurs of taking advantage of the transition from the Croatian kuna to the euro with irresponsible behaviour”, who announced possible interventions if the situation does not normalize by Friday. The head of government said that the executive has strong tools “that it will not hesitate to use”. Possible interventions include targeted increases in taxes and duties, abolition of gas and energy subsidies or even the freezing of prices for hundreds of items at December levels. The country is grappling with inflation already at 13% which could accelerate sharply in the next surveys due to price adjustments linked to the changeover to the euro.
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The Euro is a very strong currency. Anyone who says that the dollar or the euro is a bad currency is stupid. Gold Euro and Dollar. Period.
The euro was basically the German Mark. Germany will soon be broke, de-industrialized. The Euro will be worthless.
First of all, gold isn’t a currency. It’s a metal. Second, the dollar is way too strong for it’s worth due to the Middle East demanding dollars for oil instead of their own currency out of fear for a US invasion. Since the US has been spending like a drunken sailor, China and Russia are making bank, and the US still is spending like a drunken sailor, those fears are subsiding as China is no longer a factory of cheap toys, but of high quality goods, including weapons. The Euro, like the Pound, Yen and Swiss Franc are just subservient currencies to the dollar and right now the US is telling the EU to go bankrupt and attack Russia to make them go bankrupt as well and the EU says “at your service!”. Obviously, you can’t win a war and go bankrupt at the same time, so guess which one of those two orders from the US is winning out?
Gold, silver, diamonds, even iron and copper are curency.
Bitcoin and other shit is not.
“currency” but not liquid – they are store of value always, because they never lose value.
Gold, silver = store of value (always) Fiat money backed by nothing = becomes worthless paper only (in times of crisis)
The banking class running the EU is so disconnected from reality that they believe their own Bullshit. Never be so stupid and overconfident that you cannot discern Reality from your own Bullshit. It leads to unpredictable outcomes for those incompetent enough to be so inclined.
Croatia is just another Nazi EU puppet state !! Danke Deutschland !! Same as Ukraine !!
And you are an offspring of Canadian chetniks who flew to Canada in 1945. by the way of US/British organized ratline, escaping wrath of Yugoslav partisans who would shot them on the spot for collaborating with nazis. Take one of the bones from your skull&bones black flag and stick it in your arse, you moron! What a stinking piece of shit lecturing people here who are probably unaware of the fact that the puppet Serb government ruled under Germans declared Serbia to be the first Judenfrei country in Europe. Regards from Belgrade’s Sajmiste execution spot where you and your kin executed even children to satisfy your German masters.
Real inflation is about 200% but the establishment lies all the time.
€urostan is ready to collap$€ along with the IOU fiat filth Saudi Mercan toilet paper dollah. As Natostan gets crushed by the Russian Bear in rump Ukrapland so too will the EUSSR fall. The free lunch that the angloZionaZi beast has gorged itself on since 1945 is all over as Russia finally concludes the Great Patriotic War on its terms.
Since the introduction of the €urodollah and the expansion of dictatorial powers of the fascist EUSSR, the fiat filth €urodollah has lost 37% of its “value”. Anyone who understands the use of inflation by central banksters knows where this is going. When Germanistan can no longer pile debt on the shoulders of its aging citiZens the entire edifice will collapse and with it the evil EUSSR, keystone of the disgUSting angloZionaZi empire of shit.
Germany pays 300 euro for every child and pays %50 of your rent
No more industrial dumping out of Germany with the gaz taps cut off…
In the eve of New Year I had sent the following Open Message to Croatian Parliament and People. “Dear Members of Croatian Parliament, Dear people of Croatia, I would like to offer you and your country my deepest wishes for a prosperous 2023. But I understand that as of 01/01/23 00:00:01 you are joining Euro. Unfortunately this is not going to bring prosperity, simply because at the first second of 2023 you will lose immediately your independence, due to the basic axiom of economics that a country not issuing its money is doomed to be not free in its decisions and actions. At the exact same moment all your loans will be rendered as a foreign currency loan under foreign law. Every money you will get from EU will be loan as well. Just look at the terrifying examples of Greece, Spain, Italy etc. The UK afterall were not idiots by staying afloat under their own currency. And you know UK, don’t you.