25-02-2019

Parsimonious northerners are the euro's biggest winners - study

Reuters: Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, a study has found, while for almost every other member the single currency has been a serious drag on economic growth.

The study, by the Centre for European Politics, a German thinktank, shows that the currency bloc’s most scrupulous devotees of fiscal orthodoxy who have been most critical of bailouts of indebted periphery countries over the years have been its greatest beneficiaries.

...read on

All News