German finance minister Schaeuble says that as the biggest beneficiary of the euro zone, German needs to assume leadership in defending the euro.
Many in the markets have noted the benefits to Germany from membership in the euro but this is the first time I can remember a German official accentuating the benefits over the obligations that euro zone membership entails.
Traders note very strong buying of EUR/USD from a European corporate helping boost the market into the 1.3380.
