Quote:
Originally Posted by baddog
From an outsider's perspective, the Euro amounted to welfare. You took countries like Germany and let them support the poorer countries. Just like we will never can welfare, they are pretty much stuck with the Euro.
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On the one hand you're right, but on the other literally it's not the country that offers the welfare, it's german citizens and residents and many of them don't like the current situation. In this case Germany has to find balance between the amount of welfare it offers to other countries and keeping its own taxpayers happy.
Right now economic activity in Germany is on a roll, but market economy has cycles...