Because I thought that everyone agrees that protectionism is about the worst idea at this time. And how likely are Merkel's inflationary fears? I would have thought that deflation is the bigger worry at this point.
But I'm no economist and maybe I'm way out in left field with this, so anyone who cares to straighten me out, feel free. "It Can't Be Just About Us"--Frank Schnittger, ETian Extraordinaire