On top of the covid depreciation? That’s financing the EU with the pensions of the lower class instead of income or wealth taxes for the upper class.
25% depreciation against what? The Yuan? Why would China not compensate and do the same? Btw, the US is doing the tariff thing to depreciate the dollar. This must lead to a depreciation spiral.
They’re not wrong.
On top of the covid depreciation? That’s financing the EU with the pensions of the lower class instead of income or wealth taxes for the upper class.
25% depreciation against what? The Yuan? Why would China not compensate and do the same? Btw, the US is doing the tariff thing to depreciate the dollar. This must lead to a depreciation spiral.