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	<title>competitiveness &#8211; RFR</title>
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	<description>GLOBAL MACRO AND THEMATIC INDEPENDENT RESEARCH</description>
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	<title>competitiveness &#8211; RFR</title>
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		<title>The appreciating euro or the competitive deflation trap</title>
		<link>https://richesflores.com/2014/03/17/the-appreciating-euro-or-the-competitive-deflation-trap/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Mon, 17 Mar 2014 13:27:27 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[WEEKLY]]></category>
		<category><![CDATA[competitiveness]]></category>
		<category><![CDATA[Fed-ECB]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=3129</guid>

					<description><![CDATA[<b>You heard it here first: the euro would not drop versus the dollar and could even increase. And here we are. During trading yesterday, the euro flirted with USD 1.40, its highest level since October 2011 after gaining in excess of 7% since the start of the year. This is a worrying development, which could erase nearly all of the support that improving global conditions have provided to exports.</b>
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		<title>Germany’s Minimum Wage: A New Deal, But What Kind of New Deal?</title>
		<link>https://richesflores.com/2013/11/29/germanys-minimum-wage-a-new-deal-but-what-kind-of-new-deal/</link>
		
		<dc:creator><![CDATA[Véronique Riches-Flores]]></dc:creator>
		<pubDate>Fri, 29 Nov 2013 18:07:15 +0000</pubDate>
				<category><![CDATA[Euro zone]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[GLOBAL MACRO]]></category>
		<category><![CDATA[competitiveness]]></category>
		<category><![CDATA[German consumption]]></category>
		<category><![CDATA[German wage]]></category>
		<guid isPermaLink="false">https://richesflores.com/?p=2489</guid>

					<description><![CDATA[It isn’t easy to get a clear sense of how the introduction of a statutory minimum wage in Germany will play out. From one angle of vision, it should raise household disposable income and at the same time contribute to a much-needed rebalancing in the euro area. From another perspective, such a guaranteed minimum is likely to trigger an upward wage trend that couldn’t happen at a worse time for German manufacturers who are increasingly struggling to keep exports up. Assuming the Social Democratic Party (SPD) membership approves the deal between the coalition partners on December 17, two basic trends should help us determine the relative weights of these factors and grasp the implications of such a move]]></description>
		
		
		
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