{"product_id":"the-euro-is-to-blame-economics-for-spanish-people","title":"The Euro is to Blame. Economics for Spanish people.","description":"\u003cp\u003eWhen the Spanish joined the Euro it was never\u003cbr\u003e\nexplained to them that this meant an end to the\u003cbr\u003e\nmechanism of devaluing the exchange rate as an\u003cbr\u003e\ninstrument for competitive adjustment of the\u003cbr\u003e\ncountryÕs economy during times of crisis.\u003cbr\u003e\nGreek and Spanish citizens should have received more\u003cbr\u003e\ninformation from their politicians about the risks\u003cbr\u003e\ninvolved in joining the Euro. Because once you are in,\u003cbr\u003e\ngetting out is very traumatic and generates too many\u003cbr\u003e\nproblems.\u003cbr\u003e\nGermany has financed itself with money from the\u003cbr\u003e\nperipheral countries and has had a currency which is\u003cbr\u003e\nmuch more devalued than the Deutschmark would\u003cbr\u003e\nhave been. If Germany had been outside the Euro, it\u003cbr\u003e\nwould have levels of exports as a percentage of its\u003cbr\u003e\nGDP which are much lower than those it currently\u003cbr\u003e\nhas, and during the crisis its exports would have\u003cbr\u003e\nsuffered more.\u003c\/p\u003e","brand":"Luke Fog","offers":[{"title":"Paperback","offer_id":44420298604705,"sku":"9781326476830","price":26.82,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0462\/1120\/3233\/files\/1dj6jwgk-front-shortedge-384_85e82b63-04f5-44ac-bee8-1153a3e3315c.jpg?v=1747977076","url":"https:\/\/bookswholesale.myshopify.com\/products\/the-euro-is-to-blame-economics-for-spanish-people","provider":"BooksWholesale","version":"1.0","type":"link"}