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Wednesday, July 15, 2015

Weak Euro Benefits Germany According to IMF

While the euro has increased in value over the last year, news of financial troubles for Greece have led to heavy fluctuation in its value over the last six months. The trend toward a weaker euro may be bad news for other European nations, but may actually boost the German economy. (adsbygoogle = window.adsbygoogle || []).push({}); According to the International Monetary Fund (IMF), a weak euro and lower energy prices are actually supporting the German economy. This support, in turn, has given Germany the opportunity to bolster medium-term growth and reduce external imbalances, said the IMF. While the euro has increased in value over the last year, news of financial troubles for Greece have led to heavy fluctuation in its value over the last six months. The trend toward a weaker euro may be bad news for other European nations, but may actually boost the German economy. While the euro has increased in value over the last year, news of financial troubles for Greece have led to heavy fluctuation in its value over the last six months. The trend toward a weaker euro may be bad news for other European nations, but may actually boost the German economy. read more


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