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View Diary: If the Euro fails. (282 comments)

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  •  That's what has to happen anyway (1+ / 0-)
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    In some fashion, Germany's net exports will need to fall in order to balance trade. It can happen via German currency appreciation (Eurozone breakup), wage cuts in peripheral nations, or some other mechanism, but it must and will occur. Situations that can not be maintained will not be maintained; it's just a question of how it comes apart.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Nov 27, 2011 at 12:40:29 PM PST

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