Friday, January 6, 2012
Euro Weakness Boosts Exporters
Euro weakness against most major currencies has strengthened European exporters who are now able to offer affordable products world-wide. Will the ECB force the euro to remain weak to enable an economic recovery in the financially decimated region? It appears that the majority of investors are now short euro with no real light at the end of the tunnel for those still looking for a rally. Each day the news out of Europe becomes increasingly bleak. Will we witness and end to the euro during this decade as some have predicted? I don't see that as a solution for anyone except for Germany and France. I feel that the smaller debt-ridden countries like Greece and Ireland would see devastating currency devaluations that would completely break their financial back.
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