High Treason: How the euro destroyed the economies of Southern Europe with the complacency of their

Discussion in 'Economics and Finance' started by Aptrgangr, Nov 16, 2017.

  1. Aptrgangr nulla crux, nulla corona

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    High Treason: How the euro destroyed the economies of Southern Europe with the complacency of their ruling classes

    The great advantage brought by the common currency to Southern European economies that is often pointed up by supporters of the euro is the stability of the currency. It is often overlooked, however, that the impact that the euro and fixed exchange rates in general have had since its introduction was unfavourable. Italian and French economies have turned from net exporters to net importers whereas Spain, Portugal and Greece have amplified the magnitude of their trade deficit.


    On the other hand, it is easily demonstrable that the enormous trade surplus that Germany enjoys today, often cited by many1)2), including the European Commission3), as a threat to European integration, is a direct consequence of the common currency.

    (...)

    https://gefira.org/en/2016/11/19/hi...with-the-complacency-of-their-ruling-classes/
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  2. Angroid CyberSperg 1138

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    Southern muds were never going to be able to operate on an equal economic & industrial footing with Northern Europe. They were predictably corrupt fools to swallow the Euro poison.

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