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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (94276)9/5/2012 12:06:40 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 218548
 
On Sept. 12 the German constitutional court will rule on whether Germany can contribute to the ESM.

It would be insane to rule against the ESM - chaos will immediately ensue.
That is why laws are not enacted by machines but thinking people who reason (at least I hope). I am certain they will find some wiggle room in their decision.

What Europe need now is a more competitive currency until they will put their labor force in order increase worker mobility, introduce more flexibility in adjusting staff, and make the status of state employees’ fluid, changeable and by this increase competitiveness.

Presently a much stronger EUR will hinder the above and the EU will enter into a prolonged malaise.



To: carranza2 who wrote (94276)9/5/2012 1:30:15 PM
From: Haim R. Branisteanu  Respond to of 218548
 
True, at $1.2603 early today, the euro is above the average of $1.2089 since its birth in 1999. On a purchasing-power parity basis, the supposedly crisis-crippled currency is 11 percent overvalued against the dollar. While 6 percent below its trade-weighted average, there’s nothing disrespectable about that

go.bloomberg.com

(my only question how did he or she arrived at that conclusion?)