9 ms·
> fiscal and banking mismanagement in Greece/Italy/Spain/Portugual are destroying German and British The fact that Greece/Italy/Spain/Portugual devalue the Eur
by RhodesianHunter 10y ago
> fiscal and banking mismanagement in Greece/Italy/Spain/Portugual are destroying German and British
The fact that Greece/Italy/Spain/Portugual devalue the Euro below where a deutsche mark would be is a major component of Germany's success as an exporter over the last decade, and conversely those countries' inability to devalue their currency has caused them a great deal of pain.