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MikeRox said: ... How are Germany and France etc benefiting? The Euro is being devalued by the southern countries, giving them far more competitive exports/industries than their previous currencies would have given them. This is why it's so painful to see the suffering going on especially in Greece with severe austerity, while the rhetroics from the wealthier european countries has been "you've had your fun, now you have to pay for it" because it's exactly their suffering that is giving the northern European countries such prosperity. ... |
i'm from germany and even when we have to pay alot to greece and yeah, german creditors gave up a lot of money percentual it's true that we are profiting from that a lot as well. i believe german exports grew 50 billion just because of the low euro.
at least i don't know if we are profiting more or if it hurts us but at least for germany it's really not as bad as some newspapers try to tell us^^
