Group 6 Rafael Ramos Codeco Paul Yu Catherine Chien Why is Germany so Important to the Continued Use...
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Group 6 Rafael Ramos Codeco Paul Yu Catherine Chien Why is Germany so Important to the Continued Use of the Euro?
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Transcript of Group 6 Rafael Ramos Codeco Paul Yu Catherine Chien Why is Germany so Important to the Continued Use...
Group 6
Rafael Ramos Codeco
Paul Yu
Catherine Chien
Why is Germany so Important to the Continued Use of the Euro?
MAIN TOPICS
Overview (EU vs Germany)
Trade Surplus of Germany & Complaints
German Replication
Germany-Europe
OVERVIEW (EU VS GERMANY)
2013 Euro Area GermanyGDP growth rate 0.1% 0.4%Inflation rate 1.5% 1.6%Unemployment rate 11.9% 5.25%
TRADE SURPLUS OF GERMANY & COMPLAINTS
Peripheral economies claims Germany should enhance domestic demand More expansionary fiscal policy Changing system of wage bargaining
Germany’s unfair advantages Why is it bad for other
countries? Valuation of Euro
GERMAN REPLICATION
Surplus is mostly with the rest of the world. Surplus reflects Germany’s competitiveness. Deflation in Eurozone is positive.
GERMANY -EUROPE
Germany-Europe vs Uni-Europe. WWI, WW2---Military Economic Strategy
WHAT SHOULD BE CONSIDERED?
Euro, just the first step.No visaNo borderUni-Nation?
