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Friday, May 19, 2006



What happens when you take exports to European countries out of the numbers? The European common market has no doubt facilitated the movement of goods between European companies, and weakened trade barriers that might have prevented German companies from gaining share in other EU countries.

No doubt the strong dollar and weak Euro in the period from 1997 to 2003 helped them gain share in various industries. Those gains will likely fade away with time if the Euro remains strong.

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Wonderful blogs, but about the last two paragraphs (mean I don't really understand. Can you explain it?

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