A top German economist on Wednesday said he believes the U.S. dollar's poor performance against the euro could continue for at least two years.
"My gut tells me we are going to see something unprecedented in history," Norbert Walter, chief economist for Deutsche Bank, told reporters. "I suspect the dollar will stay weak for at least two years."
For Germany, the world's largest exporter, Walter said selling products on a strong euro poses challenges to which manufacturers are already adapting.
"BMW built its newest factory not in Germany, but in Spartansburg (South Carolina)," Walter said. "It's possible that other car makers will go to eastern Europe, or to China."
World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable
The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.
Pentagon officials said that Russia has developed a very powerful weapon, which Western specialists have already dubbed as the "doomsday weapon"