Germany and the Euro - Unemployment has reached over 4 million in June
- -Major companies have collapsed putting thousands of jobs at risk e.g. Babcock Borsig
- Some economists believe the Deutschmark was 20% overvalued
- -German economic model is unravelling
- In the euro debate suggests Germany could bring back a new DM
- Study by Dr Colligon- DM would have been even weaker without the euro
- Euro weakness is a continuation of the previous DM trend.
- DM has been depreciating since 1995
- Germany and the Deutschmark
Conclusion - Germany’s economic problems stem from the vast differences between the economies of West and East Germany
- Reunification has changed Germany’s relations with the EU, and has paved the way for Central and Eastern Enlargement
- The adoption of the Euro has enhanced problems inherent in Germany’s economy
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