The PIIGS still fly

[thriftyandboringinohio]

Re: The PIIGS still fly

part of my interest in that post was the reference to grg's long expressed opinion that if any country would leave the euro, and COULD leave the euro successfully, it was germany. otoh, given that german exports are ~44% of their gdp, how would they handle what would likely be a soaring currency relative to their current pricing in euros? any speculations?

Great questions.
Perhaps we should view Germany's contributions to the EU as a kind of vendor financing, keeping their customers alive.

[shiny!]

Re: The PIIGS still fly

Great questions.
Perhaps we should view Germany's contributions to the EU as a kind of vendor financing, keeping their customers alive.

jk's questions always get to the point of the matter. Thanks, jk!

[thriftyandboringinohio]

Re: The PIIGS still fly

Jerome Powell’s unusual quest at the Fed: define what’s “normal” for the US

https://qz.com/1234746/fed-chair-jer...he-us-economy/




Welcome to the hot seat. (Reuters/Yuri Gripas)
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