19 July 2015   Leave a comment

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.

German unemployment

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

Posted July 20, 2015 by vferraro1971 in World Politics

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