Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Yes, Germany takes advantage of the EU, and the euro is softer than the DM would be now.  If these weren't so,  Germany never would have pushed for a unified market and currency.  For the neolibs to be claiming that Germany's manipulations inside the Eurozone are somehow a significant part of US economic woes is the usual level of crazy and probably a set-up for something that will benefit the 0.01% at the expense of the rest os us.
by rifek on Thu Feb 2nd, 2017 at 09:37:40 PM EST
Right now it is the Mediterranean members who desperately need a soft currency to help revive their ailing economies.  Germany can do just fine even with a much harder currency.  If anything is dragging the Euro down right now (in addition to the prior quantitative easing) it is Brexit - courtesy of Farage and Trumps new bestie, Theresa May.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Feb 2nd, 2017 at 09:50:20 PM EST
[ Parent ]
Brexit, general internal uncertainty, and unwise management of the euro are quite sufficient to keep the euro soft against the USD.  Germany doesn't need to do anything nefarious.
by rifek on Thu Feb 2nd, 2017 at 09:56:54 PM EST
[ Parent ]


Top Diaries

Occasional Series