ArnoldRimmer on 01 January 2012
| routsounmanman said: Also, the devalued Euro helps exports, that's why Germany joined the currency in the first place. |
Not quite true. In the end, Germany took the Euro because they had to. Back at the time, former french president Francoise Mitterand demanded Germany dumping their strong german D-Mark for a european currency as a necessary requirement for him agreeing to a reunited Germany, as for example one of Mitterand's former interpreters, Brigitte Sauzy, stated in her memoirs. In the end they may have profited from the Euro (I really cannot judge), but they didn't really have much of a decision and most germans where clearly against the Euro, as the D-Mark had a good reputation while many german analysts kept publically warning about the Euro.
