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The bigger failing is that several (mostly Mediterranean) members have suffered a huge loss of competitiveness against Germany and other northern countries.
These lands generally put more money into the union than they take out, as opposed to the more union-friendly Mediterranean members, net gainers from the system.
Far from seeing Ireland as a case-study in what not to do, the troubled Mediterranean members of the euro would do well to learn from it.Doing Dublin downIs there a risk of some of these sound policies being jettisoned?
Mediterranean members faced a triple challenge: they were hit hard by globalisation and the loss of low-tech industries such as textiles; they faced competition from cheaper labour in ex-communist members; and the adoption of the euro made it harder for them to adjust through devaluation.
As an example proving this argument, Germany has emerged as a hegemonic power in the wake of the Eurozone crisis (Bulmer, 2014; Streeck, 2015), and this hegemonic position immediately triggered national sentiments in the Mediterranean members (Hedlund and Aline Regina Alves, 2017).
Similar(53)
German Chancellor Angela Merkel took exception to the way that Sarkozy initially couched one of his flagship projects, the Union for the Mediterranean, to exclude the EU's non-Mediterranean members while using their money.
Eat Mediterranean For Bowden, sticking to a Mediterranean-style diet is the healthiest way to eat.
The EU's new Nordic members are far less inclined than the Mediterraneans are—or were to see high political office as a chance to dole out the patronage and delegate the detailed stuff.
He has attended many Robbins events, owns a complete set of his motivational tapes, and has a picture of Robbins on his "vision board"—an aspirational collage that includes images of a Mediterranean-style beachfront home, an Aston Martin convertible, family members, and Penélope Cruz.
Undoing the damage Dubna's tale Bring out your models Reprints Related items Europe's monetary policy: The wages of sinJul 31st 2008A widely read 2005 study by Bruegel, a think-tank in Brussels, divides long-standing members of the EU into four groups: Mediterraneans, Continentals, Anglo-Saxons and Nordics.
He has attended many Robbins events, owns a complete set of his motivational tapes, and has a picture of Robbins on his "vision board" — an aspirational collage that includes images of a Mediterranean-style beachfront home, an Aston Martin convertible, family members, and Penélope Cruz.
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