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Euro drag: Germany & Netherlands the only real euro winners, study finds

Euro drag: Germany & Netherlands the only real euro winners, study finds

Publicerat av Tony Harkén tisdag, 26 februari 2019.

The eurozone’s single currency, the euro, has been a serious drag on the economic growth of almost every member of the bloc, according to a study by German think tank, the Centre for European Politics (CEP).

Germany and the Netherlands, however, have benefited enormously from the euro over the 20 years since its launch, the study showed.

The currency triggered credit and investment booms by extending the benefits of Germany’s low interest-rate environment across the bloc’s periphery. However, those debts became hard to sustain after the 2008 financial crisis, with Greece, Ireland, Spain, Portugal and Cyprus forced to seek financial aid as growth slowed and financing became scarce.

Read more atGermany & Netherlands the only real euro winners

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Tony Harkén

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