Re:Why Germany Is Better at Training Its Workers
by this_user on Friday October 17, 2014 @11:05AM
(#8471302)
Lots of Germany's main trading partners (e.g. France) are Eurozone countries too. If this were not the case, the DEM would have appreciated against their currencies by now but instead there is effectively a currency peg supporting German exports.
Re:Why Germany Is Better at Training Its Workers
by james1071 on Friday October 17, 2014 @12:31PM
(#8471764)
Yes, DM undervalued within the Euro.
Re:Why Germany Is Better at Training Its Workers
by lispm on Friday October 17, 2014 @02:45PM
(#8472671)
That's a very short view. Look back more.
> The current surplus is not a feature of German productivity but the result of having an undervalued Euro and depressed domestic demand.
The Euro is not really undervalued. The current surplus is a feature of Germany's long term export oriented industry.
Re:Why Germany Is Better at Training Its Workers
by the_why_of_y on Sunday October 19, 2014 @08:52AM
(#8478105)
The Euro is the currency of a wide range of fiscally independent countries which have had very different economic developments during the time since they adopted the Euro; its value is perhaps an adequate average of those countries, but nevertheless it is at the same time under-valued in Germany as it is over-valued in Spain.
http://www.tradingeconomics.com/charts/germany-current-accou...
The current surplus is not a feature of German productivity but the result of having an undervalued Euro and depressed domestic demand.