Many in Europe are beginning to raise questions about who the euro serves: Europe or Germany? Germany has benefited tremendously due to the fact that the euro is valued less than what a German Deutchsmark would be valued under current circumstances. The undervaluation of the euro gives Germany a huge advantage in exports. That advantage makes a real difference in the unemployment rates in Germany and in Europe as a whole.

The Greek outcome also raises questions about how Germany regards other countries in the Union.
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