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Post by leftieliberal on Apr 1, 2022 9:33:52 GMT
c-a-r-f-r-e-w Actually Germany did very well out of the Euro for the past 20 years because its undervaluation relative to where the DM would have been valued meant that their exports were more competitive. Look at the Swiss Franc (CHF) as a proxy for the DM; it has gone from 1.6 CHF=1€ in 2000 to almost exactly 1 CHF= 1€ now www.macrotrends.net/2552/euro-swiss-franc-exchange-rate-historical-chartThe Germans never mentioned Euro weakness when it was boosting their exports; now their exports are limited by other factors, the Euro weakness is importing inflation.
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Post by c-a-r-f-r-e-w on Apr 1, 2022 19:27:10 GMT
c-a-r-f-r-e-w Actually Germany did very well out of the Euro for the past 20 years because its undervaluation relative to where the DM would have been valued meant that their exports were more competitive. Yes, and meanwhile it seems like we became something of a petrocurrency for a while, making our currency stronger and exports more expensive. What happens if fossil fuels go by the wayside? Hydrogen currencies? |
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Dave
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Post by Dave on Aug 22, 2022 6:19:52 GMT
c-a-r-f-r-e-w Actually Germany did very well out of the Euro for the past 20 years because its undervaluation relative to where the DM would have been valued meant that their exports were more competitive. Look at the Swiss Franc (CHF) as a proxy for the DM; it has gone from 1.6 CHF=1€ in 2000 to almost exactly 1 CHF= 1€ now www.macrotrends.net/2552/euro-swiss-franc-exchange-rate-historical-chartThe Germans never mentioned Euro weakness when it was boosting their exports; now their exports are limited by other factors, the Euro weakness is importing inflation. Test |
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Dave
Member
... I'm dreaming dreams, I'm scheming schemes, I'm building castles high ..
Posts: 818
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Post by Dave on Aug 22, 2022 6:21:14 GMT
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