That’s rich coming from a German
- Europe must help UK avoid bad decisions
That’s mighty nice of ya’ll !
Add:
- having a strong currency has a lot of advantages
- Europe must focus on having a competitive economy and this will bring appropriate exchange rate
Also from the same meeting in Paris IMF head Lagarde says:
- ECB has appropriate policy
- ECB’s readiness to act against deflation is good
- ECB should stay supportive until demand fully recovers
- markets may be “too upbeat” on Europe’s recovery
EURUSD a tad lower at 1.3521