4 ms·
Without the Euro Germany wouldn't be quite the exporter it is now. Italians can buy German products because of the Euro. Initially Germany wanted to keep Ita
by yequalsx 16y ago
Without the Euro Germany wouldn't be quite the exporter it is now. Italians can buy German products because of the Euro. Initially Germany wanted to keep Italy out of the Euro but the Italians pointed out that they would devalue their currency and then German milk, cars, etc. would not be able to be bought in Italy.
The Euro may not have been welcomed by the people but it was welcomed by corporations and banks. Corporations and banks had (have) more power.
- fxj 16y agowould it be bad, if italian people would by milk, cars, etc from their own (italian) producers?
- yequalsx 16y agoI don't think so but the Italian government at the time wanted to be part of the Euro. I happen to think trade barriers are good (at some level). I'm opposed to free trade because there is no agency to regulate against negative externalities.