Cologne Institute for Economic Research chief Dr Michael Huether speaking to Bild
- race by US and EU to weaken fx rates won’t solve problems
- situation close to “currency war” that won’t create any winners
- Japan tried the same with devaluation
- Euro’s slide to continue versus USD as ABS programme will cause money to flow out of EU and into US
German resistance to a weaker euro is nothing new but Huether seems to be resigned to it happening
Huether – on the subject of euro devaluation
