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by Atropos 5319 days ago
The troubles are caused by overspending + bad policies. The Euro however makes the problem slightly worse, because they cant artificially devalue their currencies.

If you look at the rankings in "World Bank Ease of Doing Business" and "Heritage Economic Freedom" the picture is very clear:

"AAA Euro Countries": (Ranking WorldBank - Heritage) Finland: 11 // 17 Germany: 19 // 23 Netherlands 31 // 15 Austria 32 // 21 Luxembourg 50 // 13

Portugal: 30 // 69 Spain: 44 // 31 Italy: 87 // 87 Greece: 100 // 88