europe worries more about the strength of its currency

[yavoon]

http://www.ft.com/cms/s/0/d0ce1520-e918-11dc-8365-0000779fd2ac.html?nclick_check=1

"”We are seeing great distortions between currencies. The yuan and the yen are undervalued, the euro is overvalued and the dollar is between the two,” he said.

”We are alerting governments so that they correct these imbalances and we have seen with pleasure that the Chinese authorities are progressively accepting an exchange rate that is more realistic, in their own interests,” he added."


europe hates that it has a strong currency and constantly makes noise about how unfair it is that it is so strong. meanwhile in america, the left, never letting an opportunity to hate america go by the way side says the exact opposite and predicts nothing but unmitigated awesomeness for europe and its inevitable transition to the world's oil currency. which will of course make the euro much stronger than it is today.

[cutthemdown]

well if we are going to have free trade we need currencies that can exchange better. Right now we can't buy anything European because the dollar is a little low, and the Euro is over valued. In Europe they have a strong currency but if Americans can't buy there stuff, and chinese can't either, and Japanese can't either who are you going to sell to?

[L.A. BRONCOS FAN]

http://www.bartcop.com/benchmarks2.jpg

[yavoon]

well if we are going to have free trade we need currencies that can exchange better. Right now we can't buy anything European because the dollar is a little low, and the Euro is over valued. In Europe they have a strong currency but if Americans can't buy there stuff, and chinese can't either, and Japanese can't either who are you going to sell to?

well yes thats essentially what scares the europeans, is they will become the massive deficit importer like america is now(with our oil bouyed currency). their basic economic fundamentals are inferior to america's so they would suffer much faster from that situation.