Donald Trump’s top trade adviser: Germany is using a “grossly undervalued” euro to exploit the US and its EU partners
FT 31 January 2017
If Germany were the one to leave, the euro would be the currency that fell in value, relative to Germany’s new national currency and also to the dollar.
The weaker European countries would get to keep the euro but still get the devaluation they need, which would reduce their labor costs far less painfully than through wage cuts.
Michael Sivy, TIME 12 April 2012
EMU Start Page
If Germany were the one to leave, the euro would be the currency that fell in value, relative to Germany’s new national currency and also to the dollar.
The weaker European countries would get to keep the euro but still get the devaluation they need, which would reduce their labor costs far less painfully than through wage cuts.
Michael Sivy, TIME 12 April 2012
EMU Start Page
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