"Germany keeps its currency artificially low by being in the Euro - if it were the DM it would have shot up,"
Perhaps not by as much as sometimes assumed, i have seen estimates as little as 7% up for germany, and 25% down for spain.
Re: The continuing battle against the inevitable Euro area default
"Germany keeps its currency artificially low by being in the Euro - if it were the DM it would have shot up,"
Perhaps not by as much as sometimes assumed, i have seen estimates as little as 7% up for germany, and 25% down for spain.
Furunculus Maneuver: Adopt a highly logical position on a controversial subject where you cannot disagree with the merits of the proposal, only disagree with an opinion based on fundamental values. - Beskar
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