Germany's Economic Backbone Shaping Future of Euro Area Policies
Germany's role in the European Monetary Union is crucial due to its unique economic history and policies. The country's experiences, from the Weimar Republic to 2013, have shaped its approach to the Euro crisis. Germany's social market model, developed over a century, influences its position as the economic backbone of the Euro area. Other Euro members often overlook Germany's economic past, but it plays a significant role in shaping policies within the union. The development of the German social market is key to the future of the Euro area.