5/19/13

Massimo Armanini: Going back to the Deutsche Mark? No way.....

Massimo Armanini: Going back to the lira?

Still pretty much a subject of debate, a very interesting article yesterday was suggesting that Japan, UK, US, and Germany are engaging in competitive devaluation. Yes even Germany de facto has a devalued 'DM' within the Euro. In other terms if Germany was not in the Eurozone its currency would appreciate say 30% at least?  The real loosers are of course France, Italy, Spain, Greece, Portugal, Ireland....
A very strange way of committing suicide!!!!!

Post a Comment