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Your quote doesn't seem to say anything such. It's the decision of the elites, not euro itself. Also, I don't see how it's that far off the mark. Germany enjoy
by 127 5y ago
Your quote doesn't seem to say anything such. It's the decision of the elites, not euro itself.
Also, I don't see how it's that far off the mark. Germany enjoys the benefits of strong exports, at the cost of the periphery. It's actually a pretty well known and often commented about fact.
Italy is one of the biggest losers from joining the euro system.
- onlyrealcuzzo 5y agoBeside Germany, which other countries have massively benefitted from the Euro?
- wink 5y agoHonestly curious what part (not regional) of Germany should have directly benefitted in your opinion. I was too young at the time (just finishing school) but in the span of 1-2 years it seemed that all prices were adjusted back to the old value, but we had traded in our money at 2:1. The beers I bought in a pub were 4-5 DM and not soon after it was 3 EUR, that's definitely not due to inflation. The difference was basically so shockingly large that I actively wondered how this would work out in the next years. You mentioned exports, so maybe "the economy as a whole" or everyone already having their company running. Also I've seen housing prices go sideways in the 00s, but not sure if that's completely unrelated.