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

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