Whilst this is true, your entire transport infrastructure is better and doesnt rely as heavily on crude oil which is a plus. It might seem expensive, but at least you have the alternatives if necessary.
Germany's Euro move was one of the no brainers in the EU - it really helped to cement your economy in a somewhat turbulent time. I wish SA had the same luxury available to us.
Hmm... yes.
Petrol/diesel is strongly taxed and ecological alternatives are strongly grant-aided to forward the changing.
People are wailing, but it's necessary.
(we do have just the half per capita oil consumption compared to the USA)
But we didn't believe that our economy is so much rock-solid in this turbulent time.
Until 2004 Germany was Europe's "problem child" and now we are Europe's draught horse.
EZB's policy of interest rates is strongly german charakterized.
From other EU-states there are voices to lower the prime rate.
But this is the false way - defeating the inflation (which is fueled by oil price explosion) is more important.
Currecy risks are nerly inconsiderably - 85% of the german exports goes to EU-states.
As a whole the EU and the euro is a boon.
I dont' know how it is in SA.
African Union - does it effect anything?
Apart from that it seems that SA is in a good development.
Solid national finances, good economy growth....
And in Johannesburg there are bigger buildings than in Berlin.
