Blog: Germany's euro gloom
Dave Leggett | 27 May 2003
Companies can hedge, but hedging against adverse currency movements is a form of insurance – and the premiums cost. Next year could be bad for the German carmakers if they’re having to contend with a high euro and a still-depressed European (especially German) market. Another thought: if the dollar stays relatively low against the euro for the next five-ten years, maybe the Europeans’ import share of the US light vehicle market will be effectively capped. That scenario could also eventually see increased transplant investment in North America.
I'm starting to get a small idea of the scale of things here in China, but really, I'm only scratching the surface of this vast country....
Given the startling complexity of obtaining a journalist visa for China - the code 'J2' is now indelibly stamped on my mind - it was with some surprise how swiftly I managed to sail through airport im...