BMW CEO Tells Magazine Euro Breakup Risks German Export Collapse
Bayerische Motoren Werke AG Chief Executive Officer Norbert Reithofer said an end to the euro would mean a “partial collapse” of Germany’s export industry, vbw-Unternehmermagazin reported, citing an interview.
“Those that talk calmly about the euro and whether we really need it should think again,” Reithofer was cited as saying. “They should ask themselves, where would most German exports go, and what would happen when a deutsche mark would strongly appreciate against other currencies.”
“It would lead to a partial collapse of the German export industry, and that is putting it conservatively,” Reithofer said, the Bavarian publication reported.
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