94 per cent of Germans believe in "Teuro" effect

Despite what the experts say, 94 per cent of German citizens are convinced that there has been drastic price rises after the introduction of the euro, and this conviction has made people spend less money, according to a research quoted by Der Spiegel.

52 per cent of Germans visit restaurants less frequently and 42 per cent buy fewer clothes, while 39 per cent are spending less on holiday trips because of their belief that the euro has meant higher prices, according to a research made by...