With inflation still a concern in the EU, one might have thought European politicians would see the euro slide as a mixed blessing. No such luck. Juncker’s comments on Monday that the dollar is moving in the right direction and that the euro is still overvalued shows that politicians are more concerned with reviving moribund growth than with containing inflation in the near-term. Slower growth will naturally restrain inflation while the firmer dollar has the effect of lowering commodity prices, the root-cause of the inflation surge in the first place. Looks like the governments can have their cake and eat it too…