Quote:
Originally Posted by Haak
|
As usual from the BBC, somewhat skimpy on details but very accurate.
It was Germany who profited from the Euro (the Deutschmark was getting really large and affected exports negatively) and the south were able, for once, to compete with China+India, and to afford German goods.
Now that the Euro's in the doldrums due to this conundrum, Germany should do something about it, rather than pulling in the non-Euro 10 EU members (UK, Sweden, Denmark, etc.) - Germany gained from the Euro, so it should also fix the mess.
In fact, it can.
Call off the Euro.
It's not something workable in the long run since the Catholic South have very different industries (tourism, service) compared to the Protestant North (manufacturing). Thus what's good for the North is ultimately harmful to the South & v.v.
Actually, Germany can just create two currencies - one for the North and one for the South. The South would then work to join the fiscal status of the North at their own pace.
Of course, this would lead to the question: where does this leave France?