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by afew (afew_at_europe_dot_com) on Tue Dec 19th,

"Unlike in France, the stronger currency has also raised few concerns.
Afaik, concerns expressed in France revolve around Airbus, and the automatic competitive edge conferred on Boeing by a cheap dollar (though that should concern Germany too)."

Germany sells 60% of its goods to euro countries. A stronger or weaker euro doesn't have any effect on these sales. 30% of its exports go to economic growth areas like China, Japan, Taiwan, Korea, India, South East Asia and South America. Only 7% of German exports are shipped to the US. But even there German exports are increasing in volume and have reached this month again (!) an all time high. The current  drop of the dollar is absolutely no problem. If anything it reduced the import cost of energy and made German production cost become even more competitive.

"The USA appears destined by fate to plague America with misery in the name of liberty." Simon Bolivar, Caracas, 1819

by Ritter on Wed Dec 20th, 2006 at 04:03:16 PM EST
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