Rhein on Energy and Climate

Archives for EMU

Euro-zone countries are presently engaged in a dispute about how to come to terms with excessive public debt levels. Before the start of the Euro-zone in 2001 EU member countries did not pay identical interest rates on public borrowing, Germany paying much less than Italy or Greece. That was considered perfectly normal,interest rates reflecting the… » read more

Posted by Eberhard Rhein

Thanks to the Euro, members of the Euro-zone have been able to weather the international financial crisis much better than those outside the euro-zone. Hungary and UK, not to mention Iceland, have seen their currencies coming under pressure for devaluation, as they lacked the solidity and solidarity of the single currency. It is therefore not… » read more

Posted by Eberhard Rhein