The High Cost of a Strong Euro
Given their strong performance during the COVID-19 crisis, and their US counterparts' ongoing debacle, European leaders who have been pushing for a stronger global role for the euro may be about to get their wish. But it may not be long before they regret it.
https://prosyn.org/TzZXpGD
BRUSSELS – Europe is experiencing a “good” crisis. Despite the damage wrought by the COVID-19 pandemic and ensuing recession, its response has minimized the damage and bolstered confidence in the economy. Yet even this positive news carries risks.