[Skybird]

The Euro has dropped to parity with the dollar, for the first time since two decades (1 Euros=1,005 Dollar, 12-07-22 14:20LOC)


Usually that is good for an exporter like mGermany, but this time its ver ybad due to high inflation. The weak Euros means that imported goods become even more expensive, pushing prices upwards even further and thus fueling inflation.


Thank you, dear ECB. Your refusal to fight inflation as would be your mandatory and mandated legal obligation has helped so tremendously to brign us to this pass.



Instead the eCB yesterday gets rpeorted to have voiced it wants to push much harder for green deal obligations and ecological banking.



Im going out on a limb there, but I commit myself: the Euro will collapse in the forseeable future, within less than ten years. The Eurozone is no longer merely ripe: it is hopelessly overcooked and mushy. It was a criminally stupid idea from day one on.



Of course this fiscal-political desaster will not help Europe one bit to keep its position in the concert of the global big players.