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Some EU countries use the eurozone as a credit card, with Germany picking up the tab – new research

  • Written by: David Blake, Professor of Finance & Director of Pensions Institute, City, University of London
Some EU countries use the eurozone as a credit card, with Germany picking up the tab – new researchMapped out.Oleg Elkov/Shutterstock

Europe is home to many languages, varied geography and different cultures. And until fairly recently, it was also a place where almost every country had its own currency.

The arrival of a common currency in 1999 changed all that. Now 344 million citizens in 20 of the 27 EU member states use the euro, making it the...

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