In order to compete efficiently with the Germans?
The Germans will get nasty if ...
Dear Germany: Shut the fuck up! You tried that attitude in the late 1930's/'40s and you got your asses handed to you. Learn to get along. Are you too stupid to learn from history or have you blocked out all that Hitler crap? In the end, might makes right. Nothing has changed since the caveman.
got your asses handed to you
A repeat performance is hardly what we're looking for...
Obviously, within the Euro the mechanism would have to be a bit different, but the principle is very useful - to create an incentive structure for balanced trade within the EU.
This does not solve all problems, but it would be a good start.
Exporters of last resort hold the levers of power in times of monetary crisis and don't feel like they have to change their ways at all. See US at Bretton Woods. By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
Frank Delaney ~ Ireland
