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What do you suggest? German domination of the Euro has exactly the same effect on Southern Europe, the so-called PIGS.
by goatinaboat 7y ago
What do you suggest? German domination of the Euro has exactly the same effect on Southern Europe, the so-called PIGS.
- achamayou 7y agoWe’re talking about what would be good for the UK. Countries that never had strong exports definitely wouldn’t benefit.
- danmaz74 7y agoItaly had very strong industrial export. It's still not bad.
- goatinaboat 7y agoYes Italy is very strong in the machine-tool industry and the luxury-goods industry. They do plenty of exports.
- pjc50 7y agoI could make the argument that London domination of the pound has had the same effect on peripheral counties of the UK. The forces are the same - money flows in to the capital, but the peripheral areas need to keep buying globally produced goods, so money flows out.