CAPTION: Germany profited the most from the introduction of the euro – with a boost of the gross domestic product of 1.9 billion euros. (picture alliance/dpa)
Germany is one of the countries that profited the most from the introduction of the euro, while for Italy and France it resulted in "a reduction in prosperity," a study released on Monday showed.
Berlin-based think tank Centrum fuer Europaeische Politik (Centre for European Policies, cep) conducted the study by using a methodology that calculates what each country's gross domestic product (GDP) would have been had the common currency not been introduced.
However, only eight of the Eurozone's 19 member countries were included in the study.
The study's authors claim that Germany had a GDP boost of about 1.9 billion euros (2.2 billion dollars) thanks to the euro, particularly because foreign investors considered the country a "safe haven" for investment in the wake of the Eurozone crisis in 2011.
Italy's GDP is lower than it would have been without the introduction of the common currency by 4.3 billion euros and France's by 3.6 billion euros, the study claims.
The euro currency was born virtually in 1999 and in 2002 notes and coins began to circulate.
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