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Napanee, Ontario | I laugh when I read these articles.
The real take-away here that's not written in this artcile, but what it's really about, is that Germany, who is an export powerhouse, is feeling the pinch from the strong Euro. It realizes it's losing the currency debasement battle to Japan, US ect as it watches the USD and Yen drop day after day against the Euro. This could be a huge threat to german exports going forward, and here we have a call to take action.
Of course they can't come right out and say "we need to blow the Euro to smitherines to keep up with the rest of the world... so we can still sell our goods abroad".
Also not mentioned is that while a cheap Euro is great for an exporting EU country like Germany, it's a train wreck for most of the other EU nations that don;t have export driven economies, and rely on strong Euro's for cheaper imports.
But hey, it's much better to spin it as keeping the evil deflation troll under the bridge.
Edited by OldMcdonald 3/11/2014 09:40
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Inflation/deflation - changing winds in Germany?
