High Treason: How the euro destroyed the economies of Southern Europe with the compla
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Aptrgangr
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High Treason: How the euro destroyed the economies of Southern Europe with the compla
High Treason: How the euro destroyed the economies of Southern Europe with the complacency of their ruling classes

The great advantage brought by the common currency to Southern European economies that is often pointed up by supporters of the euro is the stability of the currency. It is often overlooked, however, that the impact that the euro and fixed exchange rates in general have had since its introduction was unfavourable. Italian and French economies have turned from net exporters to net importers whereas Spain, Portugal and Greece have amplified the magnitude of their trade deficit.


On the other hand, it is easily demonstrable that the enormous trade surplus that Germany enjoys today, often cited by many1)2), including the European Commission3), as a threat to European integration, is a direct consequence of the common currency.

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https://gefira.org/en/2016/11/19/high-tr...g-classes/

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2017 Nov 16 20:00
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