With Euro/dollar below parity, lets talk exchange rates
The David McWilliams Podcast
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You Want to Be With the Big Boys
Lokas want to join the ura. But look, our economy isn't strong enough for this rate. What they do is they assume a way. They think everything's going to be fine. Now, you join the urau, and then you then you're done. Then you're in, but you can't get out, unless you get out at a time when the rest of the ureau is collapsing. The croats, like the greeks before them, and the italians now, are suffering, i believe, under this very, very high exchange rate. And what will happen in a country like croacias? They'll say, ok, we won
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