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Not really. Germany has a large surplus because of the Euro. The common currency means Germany's currency is weaker than it would be otherwise thus it's exports more attractive. And countries like Greece and Spain have strong currencies than they otherwise would have. Thus their industries and workers compete at a disadvantage.


I agree that the eurozone economies are very different, and I can't see how that will be resolved without dismantling the Euro or kicking some of the weaker economies out


The US has a real central bank, automatic stabilizers, and large federal transfer payments to compensate economically weaker states for having to trade in dollars.




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