For export-driven growth, the high €/everything exchange rate makes it difficult to gain market share in places apart from places that face external finance constraints which the EU is in a position to relieve in support of exports to hose countries.
For development-driven growth, the reduction in € cost of resource imports gives breathing room in terms of the chicken and the egg problem of consuming energy due to the economic expansion before the full sustainable energy resource to be provided by some of the investments being made by a substantial portion of the development-driven growth policy.
The first is a fight against other export-led growth strategies, the second is exploiting other export-led growth benefit for the benefit of increasing long term economic capacities. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
If they can, that particular national psychosis can be managed. Otherwise, its a mess. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
