1. More euro using countries with weaker economies ensure the euro stay as low as possible which is insanely advantageous for Germany, a country which has built all its economy on exports. Plus it provides a new outcome for the German excess savings via credits which will amplify the unbalancing created by the monetary policies and add a vicious extractive cycle on top.
2. These countries tend to prioritise their immediate safety from Russia to any economical considerations and are strongly NATO aligned. They have historically voted for parties which are close to the EPP, the currently dominant European party which is itself controlled by and subservient to German interests. See how Von Der Leyen was basically saved by Poland in 2024. This ensure the EPP remains the dominant force in Europe and significantly dilutes the voices of countries strongly disavantaged by how the eurozone is working and which could be tempted to ally to try to push reforms (Portugal, Spain, Italy, Greece, France). Generally, expension strongly favours the current status quo, itself extremely favourable to Germany, Austria and the Netherlands.
I'm confused, Europeans on HN are always telling me how NATO is a big scheme the US uses to keep the dollar strong. Now you're telling me the EPP is a big scheme from Germany to keep the euro weak. Something's not adding up.
This requires some actual history, not just memes and conspiracy theories.
Originally, it was the French during Mitterrand times who pushed for a unified European currency. Kohl granted it to them in exchange for their consent to unify Germany, but wasn't happy about it, because he knew that conservative German voters were attached to the strength of the Deutsche Mark.
Nevertheless, 15-20 years on, it actually turned out that a weaker euro was a problem for industry in places like France and Italy, while supporting German exports. Germany had a streak of really strong exports.
Nowadays, it does not matter anymore, though. Aging of the population, expensive energies, bureaucracy gone wild and bad immigration policies have made Germany a sick man of Europe again. When it comes to raw industrial growth, the strongest player in the EU is now Poland, which does not even use the euro.
The EPP is a political party not a scheme but yes, Germany benefits immensely from a weak euro as a net exporter and the way the eurozone is structured, as a monetary union without a fiscal union, and how it operates, roughly with transfers being very limited and big no no for the population of the advantaged countries, ensure it stays this way.
I have no personal opinion on NATO being a big scheme to keep the dollar strong. I personally think its creation had more to do with limiting the spread of the USSR and ensuring the former European empires remained in vassal positions following the second world war. Still, as a net importer, the USA generally benefits from a strong dollar. The dollar is in a fairly unique position anyway as it remains the internation reserve currency.
I fail to see what's not adding up here personnaly.
1. More euro using countries with weaker economies ensure the euro stay as low as possible which is insanely advantageous for Germany, a country which has built all its economy on exports. Plus it provides a new outcome for the German excess savings via credits which will amplify the unbalancing created by the monetary policies and add a vicious extractive cycle on top.
2. These countries tend to prioritise their immediate safety from Russia to any economical considerations and are strongly NATO aligned. They have historically voted for parties which are close to the EPP, the currently dominant European party which is itself controlled by and subservient to German interests. See how Von Der Leyen was basically saved by Poland in 2024. This ensure the EPP remains the dominant force in Europe and significantly dilutes the voices of countries strongly disavantaged by how the eurozone is working and which could be tempted to ally to try to push reforms (Portugal, Spain, Italy, Greece, France). Generally, expension strongly favours the current status quo, itself extremely favourable to Germany, Austria and the Netherlands.
I'm confused, Europeans on HN are always telling me how NATO is a big scheme the US uses to keep the dollar strong. Now you're telling me the EPP is a big scheme from Germany to keep the euro weak. Something's not adding up.
You mean eurozone.
This requires some actual history, not just memes and conspiracy theories.
Originally, it was the French during Mitterrand times who pushed for a unified European currency. Kohl granted it to them in exchange for their consent to unify Germany, but wasn't happy about it, because he knew that conservative German voters were attached to the strength of the Deutsche Mark.
Nevertheless, 15-20 years on, it actually turned out that a weaker euro was a problem for industry in places like France and Italy, while supporting German exports. Germany had a streak of really strong exports.
Nowadays, it does not matter anymore, though. Aging of the population, expensive energies, bureaucracy gone wild and bad immigration policies have made Germany a sick man of Europe again. When it comes to raw industrial growth, the strongest player in the EU is now Poland, which does not even use the euro.
The EPP is a political party not a scheme but yes, Germany benefits immensely from a weak euro as a net exporter and the way the eurozone is structured, as a monetary union without a fiscal union, and how it operates, roughly with transfers being very limited and big no no for the population of the advantaged countries, ensure it stays this way.
I have no personal opinion on NATO being a big scheme to keep the dollar strong. I personally think its creation had more to do with limiting the spread of the USSR and ensuring the former European empires remained in vassal positions following the second world war. Still, as a net importer, the USA generally benefits from a strong dollar. The dollar is in a fairly unique position anyway as it remains the internation reserve currency.
I fail to see what's not adding up here personnaly.