CAN'T BUY RELEVANCE:

Slowing exports hit German growth (BBC, 11/11/04)

Germany's economic growth has slowed as export weakness offset a rise in domestic demand.

According to the Federal Statistics Office, the German economy grew just 0.1% in the three months to September, slower than expected. [...]

The German economy is reliant on healthy exports, and a falling dollar makes euro-denominated goods more expensive in the key US market.

When they decided to sit out the War on Terror the Europeans decided to artificially boost the euro against the diollar so they could pretend they still mattered. The costs of such delusions are high.

Posted by Orrin Judd at November 11, 2004 11:35 PM