Robin Brooks

It's not a $14 or $15 billion investment.

It's not a $14 or $15 billion investment.

When you start to stack these things up piece by piece by piece by piece by piece, his operation, modest as it is, generates north of a million dollars a year in economic output for Beaver County.

When you start to stack these things up piece by piece by piece by piece by piece, his operation, modest as it is, generates north of a million dollars a year in economic output for Beaver County.

So, as you know, a bunch of European countries got together back in the 90s, and they decided to form a common currency.

The Euro was formed and began in 1999.

There were a bunch of countries that did not join the Euro when it was created.

The UK, where I'm guessing you have a little bit of a connection.

And then Sweden, obviously, Denmark, Poland, Czech Republic, Hungary.

So...

It's not, first of all, any kind of outlier status to not be in the Euro.

Countries at the time had referenda on whether joining the Euro was a good idea.

Sweden did one in 2003, and it was rejected by a margin of 56% of the vote was against joining the Euro.

The

margin in terms of popular opinion polls now has moved in the direction of joining the euro you're totally right about that that's mostly about geopolitics so a fear that um in particular russia's invasion of ukraine just makes the world less safe the us is less of a predictable ally and so

It must be that some Swedes think joining the euro gives you that extra safety.

I think that's, if that is what's going on, then I think that's poor reasoning because the euro is really just a system of currency pegs.

It doesn't confer any kind of safety.

You just have to ask the Baltic states, for example, Estonia, Latvia, Lithuania, do they feel any safer from Russian invasion because they're members of the Euro?

No.