Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, I do realise that costs would be reduced.

Still, I strongly doubt that a doubling of the currency would be harmless for the export, so to maintain their sacrosanct trade surplus they would have to gut their consumptions outright.

And the whole point of having a trade surplus is to invest it. So that would make very little sense if the exchange rates eat it up.

The whole German model becomes moot without someone to pay for their mercantilist policies.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 28th, 2013 at 02:27:04 PM EST
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