I am not the biggest fan of how the euro zone works. However reality is there are no 'free riders' every piece of land is relevant for the whole puzzle. There is no one sided money rain for poor countries as some people seem to think.
I am not the biggest fan of how the euro zone works. However reality is there are no 'free riders' every piece of land is relevant for the whole puzzle. There is no one sided money rain for poor countries as some people seem to think.
Eurozone allows Germany to freeride as well. Germany makes use of relatively cheap euro, while other countries, who do drag down euro, can't access benefits of crappy state of their economy. And Germany's strong Russian-gas-powered economy keeps euro higher than it should be. Although now it's getting corrected.
Switzerland is a little bit of a special case in many regards.
The main reason Switzerland isn't it full panic mode yet as some neighbors are is because the average energy price rise is not so much compared to our average income. If ex. Germans have to pay €100 more it hits them at least 2-3 times as hard than the median Swiss. Euro is falling as well, so some things are actually just getting cheaper meanwhile.