With a rising current account surplus, Germany has benefitted the most from the adoption of the Euro: its plan for EU austerity will likely make things worse.

Doukas, John (2012) With a rising current account surplus, Germany has benefitted the most from the adoption of the Euro: its plan for EU austerity will likely make things worse. LSE European Politics and Policy (EUROPP) Blog (23 May 2012). Website.

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Abstract

John Doukas argues that Germany has been the only country in the European Union which benefitted from the introduction of the Euro. In countries such as Greece and Spain the adoption of the Euro only fuelled excessive debt-making due to lower interest rates on government bonds, he believes.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/europpblog/
Additional Information:	© 2012 The Author
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions
Date Deposited:	17 Sep 2012 12:34
Last Modified:	15 Sep 2023 18:30
URI:	http://eprints.lse.ac.uk/id/eprint/45966

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