"Mein lieber Gott!"
Have you never heard of Greece? Of Spain? Of Ireland? Of the continent’s continuing economic malaise? Of Goldman Sachs’ spot-on forecast? What the hell is wrong with you people?
The euro, of late, seems to have taken its eye off the ball. German Chancellor Angela Merkel has helpfully given investors a reminder of the big picture….Enter Ms. Merkel, who warned Friday that too strong a euro made it difficult for countries to carry out much needed reforms. A verbal intervention of this kind from Germany is a rare one—which makes it significant—and it knocked the euro more than half a cent lower against the dollar.