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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (29464)	3/5/2003 2:58:22 AM
From: elmatador	Respond to of 74559

<<Would this have happened if Germany still had the mark, instead of Euros ? >> I believe so. The Euro didn't do damage to Germany since it was lower against the dollar for quite a while benefiting the Germany's exports. The problem seems to be that German politicians didn't have the nerve to make the labor reforms it must do. The reforms should have been done by the Kohl administration when the going was good but he preferred to leave to the next government.