The Swiss franc represents, in UBS's view, the modern equivalent of the old D-mark.
D-mark of sales, so declining sales volume will cause a relatively large drop in employment.
D-mark, thanks largely to the closer alignment of Britain's economic cycle with America's than Germany's.
In abandoning the D-mark, Germany has already made the biggest sacrifice of all for European unity.
The Dutch guilder and the D-mark were sacrificed on the altar of European unification.
D-mark prices into euros, and Peugeot appears to have been the better buy (see right-hand chart).
Germany entered the single currency handicapped, they say, by a strong D-mark and the cost of unification.
D-mark between 1996 and 1998, worry that the pound will not be stable, especially against the euro.
D-mark, the secure anchor of German prosperity and of Europe's monetary system, for the benefit of others.
In the 1970s, Germany and Japan resisted a larger role for the D-mark and the yen for similar reasons.
D-mark and now to the euro, so krone interest rates are in effect set by the European Central Bank.
D-mark and the franc, which will vanish, accounts for around half the total.
D-mark would hurt German exports, just when Germany's economy is in the doldrums.
D-mark against the lira, the peseta, the Portuguese escudo and the Swedish krona.
Germany's economic recovery took off with the arrival of the D-mark in 1948, which relieved post-war shortages and spurred production.
Germans may say they want the D-mark back, but fewer than a tenth see this as a realistic possibility, says Allensbach.
For its part, Germany reckons that it sacrificed its cherished D-mark for Europe, in return for solemn promises of fiscal discipline.
D-mark and pressed his government to spend less and to reform welfare.
To Ossis (easterners) at the time, he brought the D-mark, ie, prosperity.
In the end, Senators Max Baucus, D-Montana, Mark Begich, D-Alaska, Kay Hagan, D-North Carolina and Mark Pryor, D-Arkansas voted against the budget proposal.
The D-mark, or Deutsche Mark, its last incarnation, was introduced by the Allies in 1948 and became the strongest of the European currencies.
This time Germany would not be spared, incurring a GDP loss of 8.2% as its exporters contended with the strength of a reborn D-mark.
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Lastly, German exporters, having been big beneficiaries of a more stable single currency, would howl at being landed once again with a sharply rising D-mark.
Or a fed-up Germany, possibly joined by the Netherlands and Austria, could decide to junk the euro and restore the D-mark, which would then appreciate.
That was the path taken in the early 1970s, when the D-mark rose after the collapse of the Bretton Woods system of fixed exchange rates.
D-mark's worth of abatement therefore goes further in Brazil than Bavaria.
D-mark, robbing bond investors of another potential source of profits.
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Germans like to believe that they made a huge sacrifice in giving up their beloved D-mark ten years ago, but they have in truth benefited more than anyone else from the euro.
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