greece starts to undermine the euro, page-26

subi1

Falling AUD is generally bad for input costs that are sourced form overseas eg oil, capital equipment........if its combined with a falling gold price you have rising costs and falling revenue, so its a squeeze......labour costs are relatively neutral to short term currency variations , they can become important if production is is offshore then you can have rising labour costs simply because AUD is falling

Situations like Greece, Ireland, UK, Italy, Spain .......who are mostly basket cases, could force the strong nations into a bailing them out .or more likely they will leave and return to a sovereign currency like the German DMark