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Ask German exporters...
by danmaz74 14y ago
Ask German exporters...
- lispm 14y agoWe did in West Germany decades ago. The answer: the exporters adapt to every exchange rate. What they really prefer is a STABLE exchange rate - high or low. What they prefer even more: no exchange rate. Trade in a large market with a single currency is even easier.
- danmaz74 14y agoYes, and I recall perfectly well what the German industry said whenever the Italian currency (lira) was devalued. They weren't happy.