Interesting ScaniaBoy, normally a currency can be issued in mass through a easing of credit terms, why aren’t the Europeans doing that to weaken a too strong currency?
That and my goodness the “fix” is in, politicians care very little for what the people have to say, they will end up ratifying that EU document come hell or collapse if they feel like it is needed.
The German hyper-inflation of the 1920's which led to the rise of the Third Reich is a very strong feeling in the German psyche.
You will rarely hear Germans complaining of a strong Euro (effectively the German Mark) which is rooted in the strength of the northern teutonic German financial discipline.
This inflation “angst” is still deeply rooted in the mind of the German. In fact the Germans, Dutch, Austrians and Finns will all try to keep inflation as controlled as possible.
Because we in America have lost that sense of financial discipline, the Arabs are starting to sell their petrodollars and buy US assets.