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Proof? In its years of existence the German Mark never reached parity with the US dollar. On the contrary, switching to the stronger Euro made Germany's export
by heresy 16y ago
Proof? In its years of existence the German Mark never reached parity with the US dollar.
On the contrary, switching to the stronger Euro made Germany's exports less competitive, not more, outside of the EU.
- whakojacko 16y agoNot quite a fair comparison, as the DEM was exchanged to be ~0.5 EUR when the Euro was first introduced. Thus the DEM reaching US parity would have been equivalent to 1EUR being 2USD, which has yet to happen.