Italy's Berlusconi says euro strangling economy !

Originally posted by edsinger
Ok good link and much better information I will agree....lets look at it.


2001 2002 2003 Q4 Q1 Q2 Q3 Feb Mar Apr May Jun Jul Aug Sep


United States 60.76 57.76 60.40 63.18 65.68 67.41 65.90 68.47 66.90 69.63 65.72 68.23 68.22 15.1

Germany - 47.63 51.15 62.53 67.33 73.89 73.54 73.54 72.64 73.10 74.83 72.70 75.73 74.08 19.1


Lets look at that last number also, Variation 12-month rate of changesur 12 mois

15.9 to Germany's 19.1 growth rates........hmmm Seems that Germany passed the US in 2003?

Do away with the semantics and the attempt to support a statement which is absolutely incorrect, this one;

I find this laughable since the United States is the Worlds Largest EXPORTER.

It is like looking for proof of what once was years ago to prove your point. This is now, i.e. current year, and Germany has grabbed the export market for 3 consecutive quarters.

[edit on 12/5/04 by SomewhereinBetween]

Well I guess the US is not anymore, odd indeed. Lets see what happens when the dollar drops some more.......

A strong Euro just means you have more inter-Euro trade for manufactured goods (a good thing), and imports for simple, non value added items are cheaper. How can this be a bad thing? Berlusconi is a small time, small minded idiot. If it gets too high, people will stop buying exports to the extent that it drops the Euro. Currencies self correct. The problem is that when you move all your manufacturing overseas you have nothing of value and are just coasting. In the EU they've moved a lot of manufacturing to the ghetto zone, but it's still in the EU, kind of akin to manufacturing jobs in the US moving to the south. It will help even out incomes in the EU and give those nations some growth and bargaining power. Berlusconi just wants a weak Euro because his country is so corrupt and backwards that they can't compete with modernized nations like Britain or Scandinavia.