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Greece, Portugal and Spain really have benefitted most from the euro
Has the single currency been good to you? Its a question sure to inflame people across Europe, many of whom seem to believe they’ve suffered while others have made out like bandits. The answer is pretty straightforward, according to Paul Donovan at UBS. If you look at the growth in household real disposable income between 2000 and 2010, those living in peripheral countries have benefited the most. Donovan and his team at UBS have looked at eleven of the larger eurozone countries, breaking down income levels in deciles to get an insight into how income inequality has changed over the decade within countries and ... (full story)
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