Thanks to the south and the productivity gap, yes.

TomK

Oh. I see what you mean, I think. The euro was easier to keep low enough for exports than the mark had been?

siggy47

Meta Econ Takeover Day18

Undisciplined

Since the introduction of the Euro Getmany is running a mercantile style export economy. The installed a low wage sector during the Schröder years (1998-2003) and pushed the southern european industry against the wall by using a double comparative advantage. The Eurozone was made for the german industry to kill competition.