It is quite funny in this context, that there are quite a few Swiss people and politicians who want to give up the Swiss Frank or think about connecting it to the Euro, since their industry lost export orders in large scale recently because of the weak Euro. They loose millions and bazillions.
In the case of Poland the things are different of course. This country is still not a big exporter. Therefore it does not make sense to give up the Zloty in the moment.
The Zloty has a fixed exchange rate to the euro and Poland is a EU member, so they’re part of the EU market. If the euro colapses so will the zloty. It’s might be a issue on psychological arguments, but not on facts.
My bet is that greek will default, quit the Euro and the EU with it’s free market. The euro then will bounce back and skyrocket.
-——their industry lost export orders in large scale recently because of the weak Euro-——
John Maudlin reported very recently on his trip to Switzerland and the horrendous prices. A diet Coke cost $12. Now that’s devaluation you can believe in. The devaluation/inflation is real and ongoing. It is not just the US$