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Having the same Euro currency but different economic structure and policy in different countries doesn't work, especially in Spain/Italy/France's case. Their l
by ww520 15y ago
Having the same Euro currency but different economic structure and policy in different countries doesn't work, especially in Spain/Italy/France's case. Their labor cost has soared and trade deficit widen against Germany but they can't cheapen their currency to make them more competitive. They are stuck.