Economy & Banks

I thought Germany had benefited most from being in the Euro, as the Euro was kept low by all the poorer countries, thus making their exports relatively cheap to the rest of the world. If Germany had their own currency, it's value would have skyrocketed by now, meaning more expensive and less exports = slowing down of their economy.

But the fact that they are tethered to the other Eurozone countries means that they cannot take action that would benefit their economy, and any action they take that is directly beneficial to them would plunge the rest of the Eurozone into depression - the UK has its own currency. Therefore, austerity in Government spending in the UK can be partially offset by currency depreciation and other measures such as quantitive easing, credit easing and our ability to fix our own interest rates.

The poor sods locked into the Eurozone, cannot devalue, cannot print money and cannot fix their own interest rates. Therefore, they are locked into a deflationary spiral with no exits!