If a currency union breaks up, it is creditor countries (like Germany and the Netherlands) that choose to leave, not debtors, and their currencies will appreciate significantly, threatening the viability of export-oriented industries despite the appearance of avoiding subsidy costs.
causalpending
Speaker
William WhiteEvidence Quote
“it's not always the debtors that leave currency unions. I mean it's the creditors that can decide to go... your currency the German Dutch currency will be a lot stronger... that is going to bring into question the viability of many of the highly export orientated industries”
Created: 8/11/2026, 7:24:53 AM
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