Germany wants to have its cake, eat it, and sell you the rest before telling you that you need to do the same. (Martin Leissl/Bloomberg News)You would think Europe has enough problems without trying to fight 700 years of economic history, but, well, you'd be wrong. In theory, German wages could rise to match those in Italy, France and Spain, or just meet them halfway. Nobody said making Italy German would be easy. The only way out, if you play by the rules as they are, is for Italian workers to get German raises.
Source: Washington Post June 03, 2016 14:15 UTC