February 10, 2006, Newsletter Issue #175: Euro vs. DM
Tip of the Week
A Euro is approximately twice as much as a DM. So, a Euro would be approximately the same as a $ (one American Dollar, though it does not have the same buying power). Most Germans - as of October 2003 - are still thinking of the Euro as "twice a DM". Why is that? Because they are getting 1/2 the same amout of Euros for twice the same amout of DMīs for their labor. What is boils down to is that Germany is getting totally expensive.
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