Construction costs are currently skyrocketing

For exports, a weak euro is not the worst. And which of the euro countries lives off exports?

??

The other way around. For exports into foreign currencies, a weak euro is good because German goods are relatively cheaper on the world market compared to others.

Exactly for that reason, Germany was able to build up the harmful export SURPLUSES (something different from export championship): a consistently softened euro through alliance with the southern countries.

??

The other way around. For exports in foreign currencies, a weak euro is good because German goods are relatively cheaper on the world market compared to others.

That is exactly why Germany was able to build up the harmful export SURPLUSES (something different from export championship): consistently soft euro maintained through alliance with the southern countries.

That's exactly what I meant. The other way around would be wrong, that's correct ;)

I would say you are both not wrong. What writes cannot be denied either. So if the raw materials and intermediate products (chips) are traded in USD, then you still have rising prices in the final product. No company simply lets the margin be eaten away.

Just checked, the 10-year swap has dropped significantly today to 2.22%. This means that the interest rate is starting to decline. Whether this is a trend cannot be said at the moment. I just observe it every day.

Exactly for that reason Germany was able to build up the harmful export SURPLUSES (something different from export world championship): a euro kept soft constantly through a union with the southern countries.

I agree. The export surpluses are essentially one-to-one the barely disguised transfers from the ECB into the state financing of the southern countries. The ECB has recently been buying almost exclusively government bonds of the fiscally irresponsible southern countries. Simply put, our export surplus finances retirement at 60(?) in France, Italy, Portugal, and Spain. Condensed somewhat at a pub level, but at its core the Euro system operates more and more like this.

I agree. The export surpluses are basically almost one-to-one the hardly disguised transfers of the ECB into the public financing of the southern countries. The ECB has recently been buying almost exclusively government bonds of the poorly fiscally managed southern countries. Simply put, our export surplus finances the retirement at 60(?) in France, Italy, Portugal, and Spain. Somewhat very condensed at a pub level, but basically the euro system is increasingly running like this.

Sorry, but this is not condensed at a pub level, but factually incorrect. The surplus existed in small amounts already during the D-Mark era. An export surplus per se means that the unit labor costs of the surplus country develop weaker measured in dollars than in other countries. Such a thing should actually lead to appreciations. The Bundesbank always resisted this for a long time during the D-Mark era before it happened. With the euro, nothing happens anymore. This has nothing to do with transfers. And also not with the purchase of government bonds.