Home > In English > Euro Devaluation can be a Blessing

Euro Devaluation can be a Blessing

April 28, 2010 Leave a comment Go to comments

Do markets know best? You may argue so. What the Europenas did not do by themselves through their common monetary and interest rate policy, the markets have done for them. Given the state of the European economy as a whole and the problems facing the PIIGS, one might argue that the euro should have been devalued against the dollar some time ago. Isn’t this a blessing for German exports too?

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