Mercedes News
To him (Germany) that hath Euro devaluation won’t save the zone. It will help growth, especially if the euro drops a lot more, but it will be the already thriving Germany that would benefit the most, not the beleaguered periphery.
Exchange rates matter. A devaluation makes exports more competitive and wards off import competition. But, the scale of the stimulus depends on a country’s capacity to trade and on who
Mercedes Galleries
Mercedes Videos
|
|