Re:Workers at Amazon's main Italian hub, German warehouses s...
by petre on Saturday November 25, 2017 @01:17AM
(#15774690)
Its because of the migrant quotas that were imposed unilaterally.
Devaluing the CZK wouldn't have been possible if your country had switched to the Euro like Slovakia did.
The problem is the ECB does not want to devalue the Euro mainly because German fears of hyperinlfation. So they're trying to stimulate sluggish growth with negative interest rates. Which doesn't work. It only destroys pensions because it's esentially a tax on money.
Devaluing the CZK wouldn't have been possible if your country had switched to the Euro like Slovakia did.
The problem is the ECB does not want to devalue the Euro mainly because German fears of hyperinlfation. So they're trying to stimulate sluggish growth with negative interest rates. Which doesn't work. It only destroys pensions because it's esentially a tax on money.