movielover said:
NATO, or Biden?
Experienced older travelers claimed Europe was more affordable before the Euro, and some hypothesized that the Euro conversion also allowed some businesses to raise rates.
Blinken's masters thesis was about the threat of Russian pipelines into Europe...
Yes before the Euro, southern Europe was more affordable and exports in Greek Drachma, Italian Lira or Spanish Pesetas were more competitive.
Spain is doing relatively well though, one of the few EU countries that is industrializing, with a thriving auto sector stimulated by JVs with Chinese firms, and cheaper energy costs from renewables.