How the euro helped Germany avoid becoming Japan | Curio
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How the euro helped Germany avoid becoming Japan

7 mins | Nov 4, 2019
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Responding to Germany's discontent, Wolf explains why a single currency has been beneficial. Many feared the euro would end up dividing the EU politically when it was launched some three decades ago. But when comparing Germany to Japan, Martin Wolf writing in the Financial Times explains how Japan has 'compelled towards fiscal deficits', whereas Germany has a 'stable and competitive real exchange rate'.
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