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Basic 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 re
by DasIch 11y ago
Basic 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!