With a rising current account surplus, Germany has benefitted the most from the adoption of the Euro: its plan for EU austerity will likely make things worse.
Doukas, J.
(2012).
With a rising current account surplus, Germany has benefitted the most from the adoption of the Euro: its plan for EU austerity will likely make things worse.
John Doukas argues that Germany has been the only country in the European Union which benefitted from the introduction of the Euro. In countries such as Greece and Spain the adoption of the Euro only fuelled excessive debt-making due to lower interest rates on government bonds, he believes.
| Item Type | Online resource |
|---|---|
| Copyright holders | © 2012 The Author |
| Departments | LSE |
| Date Deposited | 17 Sep 2012 |
| URI | https://researchonline.lse.ac.uk/id/eprint/45966 |