Chart of the Week: Emerging Europe
July 14, 2010 at 15:36 PM EDT
Weakness in the euro is a strength for Emerging Europe. A strong currency tends to make exports more expensive, but Germany (the world’s #2 exporter behind China) remained globally competitive even as the euro’s value climbed to record highs against the U.S. dollar. One of the key reasons: German manufacturers cut costs by shifting some production to [...]