The next president of the ECB might determine whether there is a eurozone, perhaps an EU, at the end of the term in 2027.
It is possible for Germany to have full employment and a budget surplus because Germany has been running a huge current account surplus.
That would have been far more difficult if Germany had not been inside the eurozone: a floating Deutsche Mark would surely have appreciated hugely, Germany would now be in deflation
Martin Wolf FT 11 June 2019
That would have been far more difficult if Germany had not been inside the eurozone: a floating Deutsche Mark would surely have appreciated hugely, Germany would now be in deflation
Martin Wolf FT 11 June 2019
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