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Exports have been an important part of the German economy for decades. People aren't buying German products because they happen to be cheaper now and the won't
by DasIch 11y ago
Exports have been an important part of the German economy for decades. People aren't buying German products because they happen to be cheaper now and the won't stop buying them should they get more expensive.
- andy_ppp 11y ago>>> People aren't buying German products because they happen to be cheaper now Well, I suppose you can just make up statements like that if you want. I could say that basic economics disagrees with you, but what would be the point?
- DasIch 11y agoBasic economics don't disagree with me at all. Production in Germany is expensive. If price were the deciding factor German industry would be irrelevant. The reason it isn't is because these products are specialized high quality products. You don't buy them because they are cheaper than some competitor, you buy them because there isn't an alternative product. The current euro situation certainly helps keeps prices down and allows more people to buy German products and that's a big part of why the German economy is doing so much better than anyone else. It wouldn't be much worse with a German currency either though.
- andy_ppp 11y agoYes, I get it, German exports are fantastic and they have been made even better by the Greeks devaluing your currency! It's great that you agree with me!