4 ms·

Genuinely curious as to why you say Europe has handicapped its business? They are just more regulated. If the businesses are handicapped why is Germany still a

• malandrew 9y ago
  One nation out of 28 in the EU? To answer your question, the reason Germany does best is because they are in the EU. Under the Deutschmark, increased exports would have increased the value of their currency and hurt exports. With the Euro, they generously benefit from the fact that they can export to the entirety of Europe without experiencing currency appreciation and the current account weakness of other European states means that the value of the Euro is kept lower than the Deutschmark would be, meaning that Germany gets an added export advantage in international trade. How many new major European multi-nationals have been created since the creation of the EU?