Joanna wrote:
> But the question I have is how will the newly immiserated PIIGS be able to > afford German exports...?
According to Andreas Wehr's (fantastic) book _Griechenland, die Krise und der Euro_, 65 percent of German exports go to EU countries, but the biggest recipient countries of German exports are Great Britain, France, and Austria.
Doug, you should try to get Andreas Wehr on your radio show: http://www.andreas-wehr.eu/