Another of your urban myths. Joining the monetary union came free of choice for every individual European country. That is why some choose not to join and others did. Each country fairly and thoroughly evaluated the merits of joining. Nobody joined who thought they would lose out. 2 main facts speak against your assertion: One is that Germany has for decades been the largest net payer into the European pot. Suggesting Germany unfairly benefited from the monetary union and Euro fix is hilarious in light of the fact that Greek and Spanish, Portuguese citizen received huge "welfare transfer payments" from Germany. Secondly, if Germany fixed into an advantageous currency peg then domestic consumers would have been worse off paying more for imports, something no single statistic backs up. Furthermore, after the fix the German economy should have performed markedly better which it did not. All the above have been studied abundantly and countless papers have been released into the public that prove that Germany did not in fact benefit from an unfair exchange peg. In fact Germany has always paid in more than the benefits it extracted from a fix to the Euro. You are the top myth mongerer on this website.
And may I point you to one specific statistic that calculated purchasing power before and after the fix? German cars cost more or less the exact same for British or Spanish consumers than before the fix. So did bread and butter for German consumers. Those were all expressed in purchasing power, essentially expressing how many hours one had to work to earn a car or other consumable items.
And may I point you to one specific statistic that calculated purchasing power before and after the fix? German cars cost more or less the exact same for British or Spanish consumers than before the fix. So did bread and butter for German consumers. Those were all expressed in purchasing power, essentially expressing how many hours one had to work to earn a car or other consumable items.
