Scholarly Research Paper from the year 2008 in the subject Business
economics - Economic Policy, grade: keine, University of applied
sciences, Munich, language: English, abstract: For now more than 6
years, starting in 2002, the US-Dollar continuously depreciates in
relation to the Euro but also in relation to other strong
currencies in the world. The European System of Central Bank can
help the dollar but not without affecting the Euro. A stable Euro
with low and constant inflation of 2% is the main objective of the
ECB and fixed in their statutes. The depreciation of the dollar can
be blended by depreciating the Euro in the same relation but that
won't help for long. The impacts on the domestic economy which
consists of a range of multicultural states within the Euro Area
would be unpredictable. At least high Inflation to the Euro would
follow - with negative side effects to the European countries. Even
if a weaker Euro (or stronger Dollar) would help the German
exporters the problem of the Dollar is not caused by the strong
Euro. Germany is still leading in foreign trade and increases its
net-export even though the Euro gets stronger. Since more than 20
years the USA have increased their trade-deficit year on year. The
solution for the weak dollar is not a weak Euro. Beside the
trade-deficit the enormous costs for military interventions also
charge the government budget and lately the population by inflation
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