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Fahrenheit_4-5-1 OP t1_j8ernvz wrote

The question is: How much would european economies have grown without the GFC and its aftermath. I don't think that this is the effect of exchanges rates. I think that there was a shift starting in 2007 from "risk-less returns" (1990-2007) to "returnless risk" (2007-now).

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11160704 t1_j8f0t2v wrote

Yes it's very much the result of exchange rate fluctuations. 2008 was when the Euro was at its historic hight against the US Dollar.

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