The Euro on the Mend

Eurozone financial markets have stabilized, and the euro has appreciated against the dollar and the yen.

If Germany is opposed to Eurobonds, it should consider leaving the euro.

At the same time, the euro crisis is inciting suspicion, antagonism, and new divisions in the eurozone.

Machiavelli in Euroland

Growing Up in the Eurozone

The Euro at Mid Crisis

The Euro Awaits Its Verdict

The Trouble with Eurobonds

Trapped in Euroland

With the euro rising relative to the dollar, the yen s fall relative to the euro has been even greater.

Its absence as a buyer contributed to the euro s decline. When the euro fell to 1.20, China finally stepped in to preserve the euro as an international currency.

It also brought back that scarcest of assets confidence in the viability of the eurozone economy and its currency, the euro.

Signs of Life in the Eurozone

Optimizing the Eurozone

Don t Lend to Your Euro Friends

Democracy versus the Eurozone

The Eurozone s Agenda in 2013

The Eurozone s Strength in Disunity

A Breach in the Eurozone Dike

Assume that the euro was set so that trade in the eurozone as a whole was roughly in balance.

Now he says that Germany should exit the euro if it continues to block the introduction of Eurobonds.

The euro per se thus does not explain why the eurozone has become the sick man of the global economy.

Russia and East European countries on the periphery of the euro were tied much more to the euro but when the Russian market collapsed, the effect on the dollar was the same, because the Russian central bank had overbought euros and had to sell them to defend the ruble.

Moving on From the Euro

Eurodämmerung

Eurozone Budgets Under the Spotlight

Alexander Hamilton s Eurozone Tour

While the turmoil in Europe and the uncertain future of the euro have caused a pause in the shift from dollars to euros, the rebalancing in favor of euros will resume at some point in the future.

Likewise, today s euro crisis is harder to resolve because of the euro s strength in currency markets.

That means strengthening the eurozone, which would probably require wider use of Eurobonds and a eurozone wide deposit insurance scheme of some kind.

Portuguese people die 12 less often from cancer than in the Eur A, but mortality is not declining as rapidly as in the Eur A.

Presumably, the eurobonds would be under the control of the eurozone finance ministers.

When the euro was launched, the US dollar euro ( ) exchange rate stood at 1.16 1.

There is a second solution the exit of Germany from the eurozone or the division of the eurozone into two sub regions.

And, indeed, the euro should appreciate, because the eurozone as a whole is now running a large current account surplus.

In the eurozone, the outlook is worse.

France is not the epicenter of the eurozone crisis.

Its absence as a buyer contributed to the euro s decline.

A Euro Sabbatical

Third, there is the euro.

Farewell to the Euro?

Germany versus the Euro

Rebuilding Euro Governance

The Euro s Crisis of Democracy