SOCIAL COSTS OF MONETARY UNION

Unemployment: Mass layoffs could result as East Germans reject their own goods in favor of Western ones. Fixed incomes: East German pensioners could see their incomes shrivel to a third of what they normally receive if the currency shift were made at a more realistic rate of perhaps 1 to 3 instead of a straight 1 to 1 rate.

Savings: East Germans are concerned that their often considerable savings will be nearly wiped out if marks are converted at market-realistic rates.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK