Quote:
Originally Posted by chris9991
Do you know the source of this chart. It was my understanding that EU15 term referred to EU members up to Sweden who joined in 1995. If that is the case, then the EU15 back in the 1970s and 1980s would have included states such as East Germany and Austria which suffered Communist problems. Spain in the 1970s had Franco problems too. I don't think either of the regimes were conducive to economic growth.
But, I could be proven wrong
|
The EU15 comprised the following 15 countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, United Kingdom.
Given they were under communist rule for part of this period you'd have expected economic growth to improve as they were liberalised, surely?
This is the point, despite being rid of communism and the ever closer political unions the EU-15 continue to fail to keep pace with the rest of the world.
---------- Post added at 22:17 ---------- Previous post was at 22:16 ----------
Quote:
Originally Posted by gba93
It's nice to think that Germany is supporting all the small, poor countries out of the kindness of their hearts, donating all their hard earned euros to bail out the Greeks, Spanisn, etc; totally committed to the european ideal ..... so why then are they printing Deutschmarks again ?  |
Germany are in the Euro because it keeps their exports cheap. If they ever decide that the costs and benefits don't work for them they'll be gone.