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Weaker Euro Aids Region's Exporters
Keywords:
Germany benefits from the lower value of the euro in relation to other currencies. Germany's exports to the eurozone as a percentage of all exports increased from 38.4% in 2009 to 41.7% in 2011, according to the Germany Federal Statistical Office and the German Chambers of Industry and Commerce. Exports to China increased from 4.64% to 6.11%, and to Asia from 11.8% to 13.73%, and to the U.S. from 6.77% to 6.95%. This increases the gap between Germany and other eurozone countries with smaller exports. Ireland with its large export base and foreign investment is likely to benefit from the lower euro. German companies VW, BMW, Mercedes, Heidelberg Cement and EADS also benefit from the weaker euro. France's Peugeot with sales concentrated in Europe does not benefit from the weaker euro compared to German auto companies with higher sales overseas, especially in China.
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09/25/2011
Higher German inflation would provide a safety valve in the absence of the ability of countries in the eurozone to devalue their currencies to improve competitiveness.
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New York Times 09/25/2011
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Euro Zone Edges Closer to Deflation
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The effects of a declining Euro on competitiveness and exports of Ireland, Italy, Spain, France and Germany
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New York Times 09/25/2011
New York Times 11/03/2013
Germany's Secret Economic Weapon: a Vast Export Network
Wall Street Journal 11/19/2013
Euro Displays Uncommon Strength
Wall Street Journal 12/06/2013
Germany Propels Growth in Euro Zone
Wall Street Journal 08/14/2010
Spain Plans to Burn Its Bridges to Keep Vacationers on the Job
Wall Street Journal 02/08/2012
The focus on competitiveness by economists, credit ratings agencies, and European leaders as austerity measures alone won't work
02/05/2011
Mario Monti focusses on the need for investing in the economy in an interview with German newspaper Die Welt during a January 2011 visit to Berlin. S&P economists and Nobel winner Stiglitz also emphasize this after a downgrade of France's credit rating- the need for improved competitiveness for the economies of France, Spain Portugal and Italy.
Grouped Articles
New York Times 09/25/2011
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
Eduardo Porter on the choices facing Germany in 2012-2013
06/26/2012
As European leaders jointly push Germany to accept deposit insurance for European banks, European banking regulation, and eurobonds, Porter looks at the choices facing Germany. Eichengren of UC Berkeley says Ms. Merkel may be trying to extract as many quid pro quos as possible as she continues to oppose all moves to aid financially troubled eurozone countries. In the end says Porter it is in Germany's interest to relent, as the costs have been overstated, Germany will not forfeit aid money, and Germany is the main beneficiary of the declining competitiveness of its neighbors. A return to the deutsche mark now would present deeper problems for Germany as its exports would decline.
Grouped Articles
New York Times 11/03/2013
Germanyâs Neighbors Admonish It Over Surplus
New York Times 11/13/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
Germany’s flagging economy: Build some bridges and roads, Mrs Merkel
Economist 10/17/2014
Why Germany Will Pay Up to Save the Euro
New York Times 06/26/2012
Report Suggests ECB Bank Supervision
Wall Street Journal 06/26/2012
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How policy and mood is shifting in China, Japan and Europe for exchange rates between currencies. The desire to be less dependent on exports and increase domestic demand in these countries just as thrifty consumers in the US make earlier policies obsolete.
Grouped Articles
Yen's Fall Aids Japan, Worries Others
Wall Street Journal 05/13/2013
Yen Slumps to Six-Month Low Against Dollar
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Japan Faces Uphill Battle in Curbing Yen's Rise
Wall Street Journal 08/04/2010
Brawny Yuan Stands Apart from the Crowd
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Asia Seen as Better Able to Deflect Waves From U.S.
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Geithner Hints at Harder Line on China Trade
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Exchange rates- euro-dollar and yen-dollar
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Wall Street Journal 04/18/2013
Japan Official Cites Fundamentals in Yen's Drop
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Yen Slumps to Six-Month Low Against Dollar
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Why Portugal is different from Greece in 2012-2013, and yet may find its debt unsustainable as the economy shrinks- the situation in 2012-2013
04/30/2010
Portugal is taking vigorous steps without social unrest, including spending cuts that will stabilize the deficit, labor reform, and increasing exports through trading links to Africa and Latin America. Portugal needs to borrow about 10 billion euros in 2012 and the ratings downgrade has hurt Portugal by raising rates on new borrowing to about 20%. The economy is expected to shrink by 3% in 2012.
Grouped Articles
Ratings Gag Is No Joking Matter
Wall Street Journal 07/12/2011
Greece Gets New Bailout as U.S. Nears Brink
Wall Street Journal 07/22/2011
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Idea of Euro Exit Finds Currency in Portugal
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The Next Global Problem: Portugal
New York Times 04/30/2010
Portugal Emerges From Recession
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Martin Feldstein on how a decline in the value of the euro would help reduce the current account and trade deficits of troubled eurozone countries
06/28/2012
Feldstein says a decline in the value of the euro would reduce imports and increase exports of troubled eurozone countries in relation to non-euro countries. This would help the economic recovery in these countries. A slower rate of wage growth in these countries and higher wage growth in Germany would help improve their competitiveness with Germany over time. These actions in addition to reforms and restructuring to improve labor competitiveness would help these countries return to growth.
Grouped Articles
New York Times 11/03/2013
Euro Displays Uncommon Strength
Wall Street Journal 12/06/2013
Dollar Surges to 11-Year High Against Biggest Rivals
Wall Street Journal 01/04/2015
OECD Leading Indicators Point to Eurozone Revival
Wall Street Journal 02/09/2015
Weaker Euro Ripples Around World
Wall Street Journal 03/13/2015
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Poland and higher growth outside the euro currency
12/08/2011
With its own currency Poland benefits from a more competitive exchange rate for exports.
Grouped Articles
Euro's Allure Dims in Eastern Europe
Wall Street Journal 12/08/2011
Debt Crisis Bring Former Foes â Poland and Germany â Closer Than Ever
New York Times 12/08/2011
Poland Skirts Euro Zone Woes, for Now
New York Times 12/14/2011
Weak Currency Stands to Buoy Zone Exports
Wall Street Journal 12/16/2011
Poland Trying to Build Banks' Defenses
New York Times 04/13/2012
China Wants More Trade With Central and Eastern Europe
New York Times 04/26/2012
World Bank chief Robert Zoellick on strategies for handling the eurozone crisis
05/31/2012
Zoellick says Germany is right that credit cannot be provided freely. At the same time partial euro bonds solution would go a long way to address the crisis. The need now is for action to help ease the immediate problems of financing in the eurozone, because issues of competitiveness will be resolved only over time.The danger he says is that the solutions are not coming in a timely manner and are always late to address the crisis. He says because debt problems will take time to address and with energy price volatility a different approach will be required than the short term stimulus and central bank monetary easing. A longer term approach needs to be put in place.
Grouped Articles
World Bank Chief Urges Euro Bonds
Wall Street Journal 05/31/2012
Weaker Euro Aids Region's Exporters
Wall Street Journal 08/02/2012
Li Keqiang, China’s next premier, carries reformers’ hopes - The Washington Post
Washington Post 11/10/2012
Boost for eurozone exports from a weaker euro in 2012-2016
09/25/2011
Economists estimate the lower value of the euro against the dollar and other currencies will boost economc growth in the eurozone by half a percentage point. Ireland, Portugal, Spain and France will benefit from the lower exchange rate for the euro in 2012-2014.
Grouped Articles
New York Times 09/25/2011
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
Euro Displays Uncommon Strength
Wall Street Journal 12/06/2013
Weak Export Growth Raises Prospect of Currency Moves
Wall Street Journal 10/06/2014
Dollar Surges to 11-Year High Against Biggest Rivals
Wall Street Journal 01/04/2015
Weaker Euro Ripples Around World
Wall Street Journal 03/13/2015
Euro-Dollar and Yuan -Dollar Exchange Rates and Economic growth worldwide- 2009-2013
12/06/2006
Grouped Articles
Europe Is Giving Global Economy A Surprise Boost Amid U.S. Lull - WSJ.com
Wall Street Journal 12/06/2006
As Dollar Weakens, Paulson Faces Challenge of Tempering Its Decline - WSJ.com
Wall Street Journal 12/09/2006
Wall Street Journal 11/04/2008
Geithner Hints at Harder Line on China Trade
New York Times 01/23/2009
China Rejects Currency Manipulation Charge
New York Times 01/25/2009
Wall Street Journal 01/26/2009
Improvements in current account deficits of Ireland, Portugal and Spain and the Rebalancing moves in the European Union
09/25/2011
The sharp decline in imports and the improvement in exports in Ireland and Spain is providing a ray of hope for the needed rebalancing of economies in Europe. This would not put the entire burden of the rebalancing on falling wages. Greece is an exception because of falling imports and exports as a result of the widespread economic dislocation.
Grouped Articles
New York Times 09/25/2011
Ireland Makes Moody's Less Blue
Wall Street Journal 09/23/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
Portugal's Shoemakers Bet on Quality
Wall Street Journal 03/08/2014
Euro Zone Deficit Hits Target for First Time Since 2008
New York Times 04/23/2014
Portugal on Road to Recovery Post-Bailout, But Scars Remain
Wall Street Journal 07/20/2015
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