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RE: 🏆The ICO that will make history!!! 🥇ESTCoin🥇🇪🇪 Backed by the Government of Estonia 🇪🇪🏆
I guess is an interesting experiment by Estonia government to issue a new coin. I wonder what would the European Central Bank think about it and if there is any law restricting euro members for issuing another coin.
I was thinking the same thing. The EU is is big trouble right now and if countries can raise cash via these ICO's what is the need for taking loans from the IMF or whatever they have in place with the EU. I'm going to be doing more research on this. It could go horribly wrong from them as the central banks could apply pressure and deny them baking access. We will have to see...
The euro is a great idea as it stimulates trading between countries. However, the problem is the monetary policy, interest rates are always set to the most convenient value for Germany and this is not always the ideal value for all the countries.
Of course this is not the only problem. Initial economical conditions for joining the euro became more flexible and at least one country (Greece) faked the stats to join.