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The Euro – A German Perspective

Author

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  • Horst Brezinski

Abstract

The Euro has been a hotly debated issue in Germany. Still 20 years after the introduction of the Euro there exist many opponents in Germany. Are their arguments correct? Has Germany benefitted from the Euro or is Germany suffering from the Euro? The article discusses these questions by looking back on the theoretical foundations for a single currency. Following this analysis, the macroeconomic performance of the Eurozone and especially of Germany is presented. Macroeconomic calculations show that Germany seems to be the biggest winner of the introduction of the Euro. The article presents some explanations for this result and makes a short-term and long-term appraisal about winners and losers and potential problems in the future. Different scenarios will be outlined for overcoming the problems with the Euro and lessons for the future will be drawn. JEL Codes - E52; F32; F36

Suggested Citation

  • Horst Brezinski, 2019. "The Euro – A German Perspective," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 66(si), pages 191-202, December.
    • Handle: RePEc:aic:saebjn:v:66:y:2019:i:si:p:191-202:n:171
    DOI: 10.47743/saeb-2019-0034
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    More about this item

    Keywords

    European Monetary Union; ECB; euro; Optimal Currency Area; current account;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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