The Euro Is A Pillar Of Strength, And Now Germany Is Paying The Price


Photo: scjody via Flickr

How long can the German recovery “miracle” last with the euro more than 30% higher than it was just a few months ago?It’s already sliding away. Exports have fallen for the second straight month, according to Bloomberg, no doubt a result of the ECB’s inability (or lack of desire) to weaken the euro. Combine the stronger euro with the austerity seen in the rest of Europe — which will sap demand — and it’s really difficult to see where robust growth comes from.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

germany moneygame-us