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We need to understand that the Euro project is essentially a competitive devaluation for Germany.

As long as the current architecture stays in place, German industrial exports will profit from an undervalued currency, while the rest of us struggle with what is for us an overvalued currency.

End the Euro, let the DM float, you will see what happens. And, for the rest of us, it will be the best thing we can do to kick-start exports.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Fri May 30th, 2014 at 03:47:38 PM EST
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