In the media
Sputnik News: Weaker Euro Disproportionately Benefits Export-Driven German Economy
Accounting, Finance and Economics 7 March 2019
Talking about why this is the case, he said: “The economies of both Germany and the Netherlands are outward-looking and export-driven, so a weaker Euro benefits these nations disproportionately compared to other European economies.”
He also added that the euro was badly implemented because the economy of every country is different. On the topic of countries being able to devalue their currencies, he said it would lower the cost of capital and concluded: “A lower cost of capital historically has led to asset bubbles and we know bubbles don’t slowly deflate – they burst. And with historically damaging consequences.”
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