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News Scary economic analysis from Spiegel

  1. Nov 30, 2007 #1
  2. jcsd
  3. Nov 30, 2007 #2
    There was an article I posted on the US economy thread about how Airbus's CEO says the weak dollar is "life-threatening" to Airbus. Airbus is selling loads of aircraft, but one must wonder how profitable those sales will be in light of their reliance on the Euro in their transactions. In fact, the CEO hinted at doing more business in dollars or moving some production to dollar-zone economies.

    I can't tell whether this problem is as bad as many say it is, because European CEOs and labour groups are prone to cry foul over anything that may affect the balance of trade. In any case, a weak dollar may help reconcile the US's trade deficit, for better or worse, as far as the rest of the world is concerned.
  4. Dec 2, 2007 #3
    Why do you say Der Spiegel's analysis is scary?
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