Change it here DW. COM has chosen English as your language setting. COM in 30 languages. Deutsche Welle. Audiotrainer Deutschtrainer Die Bienenretter. News CEP study: Germany gains most from euro introduction A new study from the Centre for European Policy in Freiburg has shown Germany to have gained "by far the most" from the introduction of the euro. Is France hindering German companies? EU rejects Italy budget for breaching debt rules The European Commission has for the first time ever rejected the budget of a member state, as it said the spending plans of Italy's populist government were violating the bloc's debt limit and needed revision.
CEP report. Date By Reuters Staff 3 Min Read. A worker poses for a photo through an aluminium coil during opening of a production line for the car industry at a branch of Norway's Hydro aluminum company in Grevenbroich, Germany May 4, If Europe gets dragged into recession, the German economy — which is strongly export-based, will struggle as a consequence.
Germany sees the benefits of keeping the Euro and avoiding a Euro breakup. This places them in a difficult position because they are one of few countries to have the necessary resources to provide substantial bailout funds to the economies in a real crisis. Germany has committed substantial funds to the EU bailout funds. However, the temporary loans and commitments have so far failed to solve the underlying problems in the Eurozone, therefore there are persistent calls for more bailout funds — and different kinds of bailouts i.
Another difficult for Germany is that there plan for saving the Euro resolves around very strict rules for fiscal policy and budget deficits in other Eurozone countries. This could increasingly draw Germany into a difficult situation — where it is perceived as directing domestic policy in other countries.
The Euro has many costs for Germany and political support is falling. But what would the break up of the Euro cost Germany? The German ministry of finance has done just such an analysis, according to Der Spiegel , and found that the costs of such a break-up and the re-introduction of the D-Mark would lead to an up to 10 per cent fall in GDP in the first year.
Unemployment would surge to its record high of over 5m. Germany has seen a current account surplus since Source: Fallacies of Composition Without membership of the Euro, Germany would have more expensive exports, higher unemployment and lower economic growth.
Bond Yields Uncertainty over government debt in southern Europe has led to rising bond yields in countries like Spain and Italy. Economic Growth The German economy is closely linked to the fortunes of the rest of Europe. Costs of Bailouts Germany sees the benefits of keeping the Euro and avoiding a Euro breakup. Political Influence Another difficult for Germany is that there plan for saving the Euro resolves around very strict rules for fiscal policy and budget deficits in other Eurozone countries.
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