Kasz216 said:
Germany is solvent because it's monetary policy has huge influences from Freiberg economics. However... had the Europeon Union had been larger government wise... and been able to a force individual countries to balance there budgets... this problem would of been much less severe. or less federalism (No Euro.) The Euro as it is however essentially relies on countries government to NOT baloon... on what essentially would be a "State" level. |
Germany also has geography on it's side. All the major nation states do.