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A comment on Germany records first monthly trade deficit since 1991 as inflation soars. Parent comment

Re:Germany records first monthly trade deficit since 1991 as... by quarantaseih on Tuesday July 05, 2022 @03:29AM (#31985392)
"It was rather the other way round: Germany was made to agree to the euro project as a concession for reunification."

So the Germans accept the Euro in exchange for re-unification (France's biggest mistake IMO) Thats one negotiating point.

Second negotiating point: who's in charge of the Euro? Who's industrial interests are represented by the ECB? Germany needs cheap imports (strong currency) or its industry screeches to a halt.

[ Parent | on HN ]
Re:Germany records first monthly trade deficit since 1991 as... by imtringued on Tuesday July 05, 2022 @06:39AM (#31986564)
Germany needs a currency that is too strong for its direct neighbors and too weak vs the world economy. Something like shouldn't even be possible yet this entire HN submission is about how Germany should continue distorting the markets.
[ Parent | on HN ]