German competitiveness

German wages are actually quite high and some of the highest in the world, trailing only slightly behind the US.

Most German exports are also highly sophisticated goods, like luxury cars. So they are hardly winning by simply producing cheap.

The Mark would be far more expensive than the Euro, so yes, using a depreciated version of your currency by roping some idiot Greeks into a scam is equivalent to devaluing your currency.

>>1775887

Why did so many countries join the Euro then, if it actually weakens them?

There are many Eastern European countries still willing to join the Euro, waiting in line.

>>1775921
cause banksters and politicians will get benefits and bribes

>>1775921
>Why did so many countries join the Euro then, if it actually weakens them?

because with the Euro they were allowed higher loans by the MMF

>>1775921
Countries are not monoliths, but factions.

A minority of factions can have the majority of political power, then enrich themselves at the expense of the rest of the nation.

>B-b-but they agreed to it. How can it be harmful if their signature's on the dotted line?

Are you German or just autistic?

>>1775921

Because Germany is a cuck land ridden by Nazi guilt and will pay all their debts.
Germany could devalue its own currency without giving free money to other countries, the meme that they need the Euro for it needs to die.

German here.
It is true.
Currency is undervalued. People are underpaid.

>immigration is pushed to keep the wages low (they tell us there will be a shortage of highly qualified people; a fucking lie tha makes me furious; people believe this shit)
>shithole countries joining the EU to keep the Euro low (we sell them our shit and pay for it at the same time)

Germany uses a combination of moderate prices/wages and high-tech industry. They do so at the expense of the rest of Europe.

>>1775853

The benefit of having so many shitty countries in the Eurozone is that it allows Germany all the benefits of a weaker currency while still being an economic powerhouse.

The system won't last forever, and you're seeing the first cracks now with Brexit and the rise of right-wing politicians throughout many other European countries.

Trump and his team aren't idiots. Germany and China are both currency manipulators, and Trump is attempting to talk down the value of the US dollar to benefit the US. Fed will hold off on their 3 rate-hike-in-2017 projection if Trump keeps creating global uncertainty. You've already seen the dollar come off it's highs.

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75KB, 495x498px

>>1775857
>German wages are actually quite high and some of the highest in the world
you do realize that if you earn 3k in germany, half of that goes into taxes and insurances, right?

>>1776232

How the wage money is used makes no difference for the costs of an employee.

>>1775853
germany is competitive in a protectionist market created for him.