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[-] iii@mander.xyz 2 points 3 days ago

The weak EUR also reflects this: from 1.2USD for 1EUR to 1.03USD for 1EUR in 10 years time.

EU imports a lot of goods (finished products, raw products, fuels), and doesn't make many products anyone outside of the EU is interested in buying. Germany's one major industry used to be cars, but that's dying now that china does it better and cheaper.

[-] BatrickPateman@lemmy.world 2 points 3 days ago* (last edited 3 days ago)
this post was submitted on 04 Jan 2025
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