A weaker currency is better for exports. So Italy can export cars, or olive oil, and the foreign currency it receives will buy more euros for paying employees, local suppliers, etc.
And it merits stating the obvious: In turn, employees and local suppliers suffer a worse quality of life as their salary loses buying power.
Inflation redistributes wealth from people who earn and save in local currency (lower and middle class most impacted) to benefit those who deal more in foreign currency (upper middle class, rich people).
Any inflation above the stability rate, produced by monetary policy, is government thievery plain and simple. I say this as an exporter who financially benefits from local currency inflation.
Absolutely, that's why it's a silver lining in a very dark cloud. Ordinary folks (myself included) suffer greatly in inflation. The only real beneficiaries are exporters of locally produced goods or services
I think so, given a healthy market. Sometimes fiat decisions or policies can discourage or outright prevent local supply from developing. The key is balance.
If anything, Germany is thought to benefit (some said "unfairly") from the Euro, which is weak for its economy, but strong for other member countries. It allows Germany a competitive advantage when it comes to exports.