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Germany has only itself to blame for its woes

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ARTICLE - This article argues that one size always fits all in any monetary area, referring to the euro zone interest rate. And asks the question, Has the euro in any way aggravated the problem, compared with past monetary arrangements?

First published in the UK edition of the Financial Times, 10 January. The writer, Christopher Huhne, is economic spokesman for the Liberal group in the European parliament.

There is a view in Germany and elsewhere that the German economy's undoubted problems are

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