| > you are forgetting that Greece made a lot of tough decisions for its people when asked by its creditors to "reform" yet it is just not sustainable, it's like asking the greeks to commit suicide. No, I am not forgetting this. The Greek people are certainly suffering from the reforms. But this suffering would have happened anyway, with or without the Euro. Greece has made such a mess of its finances, in a number of ways, that even if it had never joined the Euro, it would have gone bankrupt at some point anyway. > The euro is an insane experiment anyway. It cannot work. Too many structural and economical differences between euro countries. Perhaps, but I hope you're wrong :). > It seems that the only country really profiting from this is Germany. There is free trade between all EU countries, not just the Euro countries. It is this free trade that Germany is profiting from, not the Euro currency. |
Once again a blatant falsehood.
When economically strong and weaker countries share a currency the stronger countries benefit, because it pushes the value of their currency down. This means they can export effectively, especially to the countries who suddenly have a stronger currency with more purchasing power than they otherwise would have had.