Over the year, Northern and Southern European nations moved further and further apart, in prices, productivity, production cost. German exports became cheaper, because German workers get paid too little in a currency that is undervalued in Holland and Germany, and overvalued in Greece and Italy. Cultural diversity, the obstacle to Euro’s functioning Northern and Southern … Continue reading Different cultures, differing inflation, same currency. The Euro aggresses cultural identities, thus creates animosity.Wait, there is more! This article continues! Continue reading »
Different cultures, differing inflation, same currency. The Euro aggresses cultural identities, thus creates animosity.
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