No. The Euro was designed by France specifically to blunt Germany's economic power. With the collapse of the Soviet Union, the prospect of the Eastern European countries joining the EU and allying themselves economically with Germany promised to reduce French influence.
The Euro was the supposed answer as it would do away with the hated Deutchmark -- the symbol of German influence and the standard by which the other EU countries were judged (usually poorly). Germans almost universally opposed the Euro project, but went along after threats from the EU that they would sabotage the reunification of East and West Germany.
Economic laws, however, can only be ignored for so long. Germany's economic strength is the result of relatively [to the rest of Europe] stable internal monetary policies and the Germans' relatively [to the rest of Europe] strong work ethic. The Deutchmark was only the result of those. The French typically mistook the effect for the cause.
The Euro was a terrible blunder, but what else would you expect from the French.
Then why is it a copy of the Deutsche Mark, and the European Central Bank a copy of the Bundesbank and located on German soil? Why was it not patterned after the Franc, and the ECB patterned after Banque de France and then placed on French soil?
The Euro was designed by France specifically to blunt Germany's economic power. With the collapse of the Soviet Union, the prospect of the Eastern European countries joining the EU and allying themselves economically with Germany promised to reduce French influence
I see another one that fell for the propaganda. Read the article again. Germany has a social market economy, not a free market economy.
Economic laws, however, can only be ignored for so long. Germany's economic strength is the result of relatively [to the rest of Europe] stable internal monetary policies and the Germans' relatively [to the rest of Europe] strong work ethic