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by mamonster 1392 days ago
They don't have this wealth because when they were given access to interest rates much lower than what they would have under independent central banks / currencies they went and spent it on consumer goods instead of investing into capital.
1 comments

They don’t have this wealth because their ability to export is severely hampered by their money in order to shield the German from the consequences of their stupid working laws and boost Germany unsustainable trade balance.

I really wish the south acted like the north is acting now when Germany was considered the sick part of Europe in the 90s. We would have avoided so much trouble.