They are still making profit just not as much as they used to. The economic crisis was very tough in some parts, my former employer went bankrupt. I sure wasn't thinking about buying cameras then.
A lot of people were getting mortgage loans in CHF before 2009 when it was cheap. Then look what happened: http://www.xe.com/currencycharts/?from=CHF&to=EUR&view=5Y Those people are in big trouble now, many of them have lost their houses. As Bob pointed out, the Eurozone is different from the EU, not all member states have the same currency: http://en.wikipedia.org/wiki/Economy_of_the_European_Union But the economy of the member states are affecting each other, we all felt the effects of Greek government-debt crisis. There are subsidiaries of Greek banks in Romania, and when people heard the news they were literally running for their money. This in turn made it even worse. On Sat, Mar 15, 2014 at 6:47 PM, P.J. Alling <webstertwenty...@gmail.com> wrote: > The author puts all of the blame on the camera industry, forgetting > externalizes such as the generally lousy world economy over the last 6 or 7 > years. > > http://www.luminous-landscape.com/essays/what_matters.shtml > > -- > A newspaper is a device for making the ignorant more ignorant, and the > crazy, crazier. > > - H.L.Mencken > > > -- > PDML Pentax-Discuss Mail List > PDML@pdml.net > http://pdml.net/mailman/listinfo/pdml_pdml.net > to UNSUBSCRIBE from the PDML, please visit the link directly above and > follow the directions. -- PDML Pentax-Discuss Mail List PDML@pdml.net http://pdml.net/mailman/listinfo/pdml_pdml.net to UNSUBSCRIBE from the PDML, please visit the link directly above and follow the directions.
