3 ms·
For the inflation from day one, that is the same story for every country in the Euro zone that had a weaker currency than the Deutch Mark. The French baguette
by touristtam 11y ago
For the inflation from day one, that is the same story for every country in the Euro zone that had a weaker currency than the Deutch Mark.
The French baguette went from 1.20 French Francs (about 20 Euro cents give or take at the time) to 1 to 2 Euros depending on the Bakery. That's 500% inflation at best on something that is basically the bread and butter of French diet (pun intended).
The Euro zone should have a unified taxation system to ensure a fair competition throughout the zone.