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by lispm 3518 days ago
Germany was a large exporter with a strong currency and it is a strong exporter with a weaker currency. Germnay actuelly prefers a stronger currency. You can see that from DM times. Germany never tried to devalue the DM, just the opposite.

Germany was 'sick' because it had huge problems after the reunification with 1/4 of its people now living in a formerly communist country, whose economy collapsed. This cost a trillion Euro over the years and the east is still behind.

If your idea to be competitive is just to devalue your currency, then you are lost anyway.

Greece wanted to be in the Eurozone. They need to adjust their policy as a member.