The start of the week was rather quiet until Merkel said
that Germany’s trade surplus was partly due to a “weak euro”. Bear in
mind, she was telling a group of high school students that boosting
domestic consumption was the best way to address imbalances with other
countries. Merkel hardly comments publicly about the EUR and while her
latest words lifted the currency, the mention of it in basic academic
discussion may not mean that she desires the EUR to be stronger ...