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General (General discussion, talk about anything.)
Started by: gaffer (7978)
TTS
The cabinet minister Nicholas Ridley was sacked by Mrs. Thatcher for stating that the proposed European monetary union, leading to the Euro, was a German racket.
History has shown him to be right. The Euro has been a subsidy for German exports whilst crucifying the economies of Italy, France and to a lesser effect the weaker members of the Eurozone.
Since the introduction of the Euro and up 2017 the German economy has benefited to the tune of Euro 1.9 trillion or Euro 23,000 per inhabitant. Italy has suffered a loss of Euro 4.3 trillion or Euro 74,000 per inhabitant.
For France the loss is Euro 3.6 trillion and Euro 56,000 per inhabitant.
Replied: 30th Aug 2021 at 14:39