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Originally Posted by briang  Ouch. I remember a month or so back when super-model Gisele stopped accepting US$ for payment and preferred Euro's. It was a rather silly story at the time, but now she seems like a genius. |
This isn't any more genius than it was back then. The exchange rates aren't that much affected right now. The rise of the Euro continues just like before.
It may depend on how Frankfurt will react if at all.
Right now, we're still wondering about the consequences of the US-Government's 15G$ cash injection which caused much of the international turbulences.
Personally I think the best solution would be to lower wages for at least a decade, and trying to get exports going again, rather then massive imports.
That's mainly the problem the US now has to suffer from, the change from an exporting nation to an importing nation.