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This makes it sound like Germany had chosen to introduce the Euro whereas [1]: >President François Mitterrand argued for the single currency because he hoped t
by tkk23 4y ago
This makes it sound like Germany had chosen to introduce the Euro whereas [1]:
>President François Mitterrand argued for the single currency because he hoped to bolster French influence in an EU that would otherwise fall under the sway of a unified Germany
However, you can argue that the continent suffers because Germany had reduced its labor costs [2], which unnecessarily moved production processes.
[1] https://www.economist.com/leaders/2012/11/17/the-time-bomb-at-the-heart-of-europe https://www.economist.com/leaders/2012/11/17/the-time-bomb-a...
[2] https://en.wikipedia.org/wiki/Hartz_concept https://en.wikipedia.org/wiki/Hartz_concept