“No, the euro is not overvalued, if the long-term tendencies are taken into account”, said yesterday Angela Merkel’s spokesman, Steffen Zaimpert, in Berlin, as if the rest of the Eurozone was not existing. He added that the long-term competitiveness cannot be achieved through monetary measures and accommodating exchange rate policy. Seemingly the European Sting was […]Berlin repels proposal for cheaper euro
February 7, 2013 by Leave a Comment
“No, the euro is not overvalued, if the long-term tendencies are taken into account”, said yesterday Angela Merkel’s spokesman, Steffen Zaimpert, in Berlin, as if the rest of the Eurozone was not existing. He added that the long-term competitiveness cannot be achieved through monetary measures and accommodating exchange rate policy. Seemingly the European Sting was […]
