Germany Reaped Most Benefit From Euro, McKinsey Study Shows

Jan. 10 (Bloomberg) -- Germany was the main beneficiaryfrom the euro in 2010, when the single currency increased theregion’s wealth by 332 billion euros ($424 billion), or about3.6 percent of gross domestic product, a McKinsey study showed.

The then 16 euro members benefited to varying degrees assome countries were slow to adjust their economies to increasingcompetition, McKinsey’s German office based in Dusseldorf saidtoday in a study. At 165 billion euros, or 6.6 percent of itsGDP, Germany’s gain was almost half the region’s total.