Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Still, what matters most is that at the end of the day you must produce a product your customer wants, at a price he is ready to pay. Otherwise, he'll choose another supplier. That's why SAAB is going under, and good riddance.  

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Wed Dec 14th, 2011 at 09:03:18 AM EST
[ Parent ]
What your consumer is prepared to pay depends on his income, which in turn depends on his government's employment, fiscal and currency policy.

If you want a currency union, you must be prepared to increase government deficits, increase employment and increase inflation until you do not run a current accounts surplus against other members of the currency union.

If you don't want to do that, then you don't want a currency union.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Dec 14th, 2011 at 10:00:36 AM EST
[ Parent ]


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