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Looking at trade data one can argue the Euro is slightly undervalued. But this is a transitory feature that will correct itself once economic data starts pointing to a more sustained growth. The Euro is a free floating currency, in the medium to long term it always converges to where monetary policy and trade dictate.

Were Jens Widemann president of the ECB, the Euro would be probably now north of 1.5 USD, and the Eurozone likely a much smaller place.

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by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Thu Feb 2nd, 2017 at 02:21:52 PM EST
Were Jens Widemann president of the ECB, the Euro would be probably now north of 1.5 USD, and the Eurozone likely a much smaller place.

The question would be if there remained any members south of the Alps, except, perhaps, France. And whether the Euro was south of 2 USD.


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by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 8th, 2017 at 03:32:30 PM EST
[ Parent ]
France is South of the Alps?

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by Cyrille (cyrillev domain yahoo.fr) on Wed Feb 8th, 2017 at 05:08:49 PM EST
[ Parent ]
As in Nice, Marseilles, Toulon...:-)

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Feb 8th, 2017 at 07:06:43 PM EST
[ Parent ]
Of course there are the French Alps, Lyon, and the foothills of the Alps, but it is an old phrase. Perhaps South of the Rhine would have done better.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Feb 8th, 2017 at 10:59:50 PM EST
[ Parent ]

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