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Germany Reaped Most Benefit From Euro, McKinsey Study Shows

Jan. 10 (Bloomberg) -- Germany was the main beneficiary from the euro in 2010, when the single currency increased the region’s wealth by 332 billion euros ($424 billion), or about 3.6 percent of gross domestic product, a McKinsey study showed.

The then 16 euro members benefited to varying degrees as some countries were slow to adjust their economies to increasing competition, McKinsey’s German office based in Dusseldorf said today in a study. At 165 billion euros, or 6.6 percent of its GDP, Germany’s gain was almost half the region’s total.