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The best way for Greece to improve its trade balance will be to exit the Euro and issue its own currency. Other weaker net-importing economies joining Greece in an exit of the Euro may also have the desirable effect of driving the Euro up, making German exports less competitive (especially in the former Eurozone nations).
And Germany can then complain about how they deserve to be richer (but aren't) because they're so morally upstanding. Undoubtedly, they will use the fact of their depressed economy to further increase income disparities within Germany.
by Andhakari on Mon Feb 13th, 2012 at 07:56:39 AM EST
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