French Industry Calls for Massive Devaluation of the Euro

armstrongeconomics.com / By Martin Armstrong / July 9, 2014
Head of Airbus in France calls on the ECB to lower the rate of the euro by massive money printing to $ 1.20. Like other states, he is calling effectively for a devaluation of the Euro to make European goods competitive in world markets. The Eurozone use currency as a weapon. The Airbus Group would benefit from a weaker euro in order to sell more planes. This is the same thing we are looking at with respect to the sequence of events We had the age of competitive devaluations to get better trade deals throughout the ages.
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