Massimo Armanini: Going back to the lira?
Still pretty much a subject of debate, a very interesting article yesterday was suggesting that Japan, UK, US, and Germany are engaging in competitive devaluation. Yes even Germany de facto has a devalued 'DM' within the Euro. In other terms if Germany was not in the Eurozone its currency would appreciate say 30% at least? The real loosers are of course France, Italy, Spain, Greece, Portugal, Ireland....
A very strange way of committing suicide!!!!!
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