According to Charles’s work on purchasing power parities, PPP between
Germany and the US implies an exchange rate of around €1.40. For France
it is about €1.20, and for Italy and Spain €1.10. So at €1.12 today, German
exporters are positively coining it. French companies are at last making
profits again, while Italian and Spanish firms have stopped losing money.
More entries about the same:
I see several positives for Germany
oil is down
German companies can get financing at ZERO!
Bazzuka
They are already running a Current Account surplus of 7% GDP
The have the best companies in class/BIG get Bigger
Their clients (The south of Europe) will have a bit more money to buy BMW's
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