Wednesday, May 18, 2005

Difficult Exchange Rate

The Associated press has done an interesting article on the plight of the German clock industry in recent years. The article cites the recent weakness in the value of the dollar as contributing to clockmakers' deficits. Although there are two obvious inaccuracies (Rombach u. Haas does not have annual revenues in the hundreds of millions - the entire industry does) it is an article worth reading.

Click Here for a PDF of the article.

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