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I keep reading these statements about Germany from you which seem to echo British tabloids that want to tell you it‘s still 1940.
Have you actually been to Germany?
Unfortunately I haven't, I do like Germany and German people though. My comment was of course 'tongue in cheek', it IS true however that the EU is slowly erasing sovereignty of European countries. When it comes to the single currency Maggie was quite right all those years ago:-
Serious inflation, actually. I prefer the usually affordable low cost of living Turkish Liras way before the Euros. Even if fluctuating recently. Lots of items able to consume at less than $1 USD, sometimes even less than 0.75 Cents USD. The countries that use the Euros, even far Southern Regions of Italy has like nothing to get below $1 USD native currency equivalent. Even for a snack. I still don't think you get paid that well in the Euros countries, honestly. And Turkey has tons of less than $60 USD per night Luxury Hotels rooms accommodation that is quite rare in France, Italy, Spain, Portugal, Netherlands, Belgium, Greece, Finland, Estonia, Latvia, Lithuania, Austria, Slovakia, Germany, Ireland, Slovenia. Luxembourg, Greek Side Of Cyprus: https://images.mapsofworld.com/answe...using-euro.jpg
In Turkey, you can have store bought Pretzels, Garlic Breadsticks, Orange or Coconut Cake, Some fancy Chocolate Items for less 0.10 Cents USD! Italy has like nothing below $1.25 USD. Kind of pathetic.
Sorry, something about the Euros is a bad joke. Please adjust the entire affordability index to possess some relaxing low cost items.
I hope Romania is just going to save the Leu forever, and never replace this with the Euros. Watch the cost of living go up even further rather obnoxiously.
The middle class of Euro currency countries end up losing a lot of inner valuable assets. Feeling closer to dirt broke even when getting paid kind of well. Very stressful. Almost don't have that type of economic security extravagance deep down. Even worse than the USA dollars. Except for unbearable San Francisco monthly rent.
My wife was born and raised as a child in Spain, and has relatives there which we visit often. I remember how it was before the Euro, and in my opinion, it did not get any better, only more expensive. I remember going to restaurants and paying $1.50 for a great bottle of wine. I had some not so good wine for .75¢ a bottle. This was in the 1990s. But my wife's family complains about the cost of bread, eggs, milk, the staples, all rose within a few short years. For them, they are retired, it eroded their savings, and I saw it first hand when shopping years later in the 2000's. I am not sure if it was like that in all countries, but it was in Spain for sure.
My wife was born and raised as a child in Spain, and has relatives there which we visit often. I remember how it was before the Euro, and in my opinion, it did not get any better, only more expensive. I remember going to restaurants and paying $1.50 for a great bottle of wine. I had some not so good wine for .75¢ a bottle. This was in the 1990s. But my wife's family complains about the cost of bread, eggs, milk, the staples, all rose within a few short years. For them, they are retired, it eroded their savings, and I saw it first hand when shopping years later in the 2000's. I am not sure if it was like that in all countries, but it was in Spain for sure.
$1.50 or 1 peseta 50? Comparing prices in a foreign currency won't show the true local values.
It's a success for Germany and its satellites (i.e., the Netherlands and Austria), and Ireland also found a way to exploit it by becoming EU's token tax haven, but a complete disaster for Southern Europe as euro is simply way too strong for these economies, and to a lesser extent, also too strong for France and Finland. The result is Italy, Spain, Greece and Portugal are perpetually stuck in the mayhem of high unemployment, low growth or even recessions, comically high debt, and low wages, and they have no fiscal policy to fix these problems as Germany calls all the shots. Germany on the other hand becomes by far the most dominant economy in Europe, completely sidelining France.
The worst is it's impossible to ditch the euro for countries in Eurozone as the economies have become way too connected.
while still a fairly important manufacturing nation , it can no longer under cut products built in Germany the way it once could via currency depreciation , German manufacturing on the other hand benefited from the euro trading weaker than the DM otherwise would likely have
Unemployment rate in Italy in 1998 (before the euro) was at 12%.
In mid 2000's the unemployment rate was lower than during the 1990s (6% in 2007) before increasing due to the financial crisis. Note that in 2021 Italian unemployment rate is lower than it was during much of the 1990s.
During the 1980s unemployment rate was not low either (8~9%).
But I guess to either to blame the Euro than blame the Italian economic structure ?
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It depends...
