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Not it's not. Currency is a unity of measure, it's not the foundation of an economy. The real problem with Germany's trade surplus is that is showing how ineffi
by kfk 12y ago
Not it's not. Currency is a unity of measure, it's not the foundation of an economy. The real problem with Germany's trade surplus is that is showing how inefficient and backwards are some of the other European countries. What would happen if Italy, let's say, had it's own currency? They would still buy goods from German, they would pay more, plus they would be even more unreliable as a country since the monetary policy would be in the hands of the Berlusconis and such (meaning: huge inflation to monetize public debt).