Same rules for everybody only benefits the best.
If the Euro devalues who is going to benefit?
Germany
why?
Because only the companies that have positive cash flow (northern Europe) have money to invest in new people, hire army's of researchers ,etc....The companies in the South of Europe are busy not dying, cutting costs, etc...
The creation of the Euro prevents the south of Europe to devalue and therefore they are not competitive. There is a difference in productivity gains and that is growing slowly every year.
The Euro is like ordering the students to study only 2 hours a day maximum. Of course the not so smart/dumb student that takes time to figure things out is at a big disadvantage.
Same rules for everybody only benefits the best.
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