Perhaps, its all a trade off. Maybe you lucked out with your governments. Having your own currency is a tool that _can_ be used wisely to great effect. It’s just that the modern world is filled with examples of the opposite.
And it has been just a couple of decades. Over the long run, stable currencies usually outperform their capricious rivals. Mostly because investors want stability, and so they flock to places where it is present.
There are numerous examples of countries with their own currency doing well, or doing very very poorly. But there are few examples of countries doing very badly _because_ they adopted a union currency.
Imagine Alabama stating they’ll quit the US dollar and get their own alabamians or something - it might go great, it might go badly, but you sure know it would be risky. And investors by and large
wouldn’t like that.
You're saying that there is no threat in accepting Euro? There definitely is - as you said, investors don't like uncertainty, and in our specific case that makes great uncertainty. Imagine a country saying they will abandon their 100+ years old currency in favor of much younger and worse performing one that the country has no control over, forever tying it to risky economies. Union currencies have usually been formed in times of either crisis or rapid growth which of course changes the risk calculation, but we're somewhere in the middle between these two and not after any destructive war.
