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2020-06-29

Germany is doomed to lead Europe

The EU’s biggest member is in charge, whether Germans like it or not.

The EU is supposed to be a convergence machine, spreading prosperity rather than embedding differences between rich and poor countries. It has not worked that way. 

When the euro was introduced at the start of the millennium, Italian GDP per capita was 20% below Germany’s. Now the gap is nearly 40%—a figure that will only widen during the crisis.

The Economist 27 June 2020


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