Arghyrou, Michael Georgiou (contributor) - 2006
Germany which is the EMU’s largest economy with a solid low-inflation record, Greece is
one of EMU’s smaller economies that … experienced high
average growth rates (4.3% versus Germany’s 0.7 %) and inflation rates almost double
than the EMU average (3 ….5% versus Germany’s 1.6%). In addition, since 2001 the
convergence of inflation towards the EMU average observed throughout the …