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Good piece.

I think a major problem is that Germany likes having a fixed exchange rate especially because it prevents the exchange rate from going up.

by Metatone (metatone [a|t] gmail (dot) com) on Tue Aug 28th, 2012 at 04:28:28 AM EST
This is what JakeS calls "having others pay for the Bundesbank's depressed currency policy".

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Tue Aug 28th, 2012 at 04:29:03 AM EST
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