Euro Surges After Merkel Says Euro Is “Too Weak”, Blames ECB

In the early days of the Trump administration, when the world was still worried – unnecessarily – that Trump would single out Europe, and especially Germany, as an unfair trading partner, slamming the Euro as too weak, Germany’s fallback response was to say the currency is where it is due to the ECB’s monetary policy, oh and that the Euro wasn’t weak, but merely reflecting fundamentals. Well, moments ago the conventional narrative appears to have shifted once again after Angela Merkel herself took on the role of chief Euro critic, saying the common currency is “too weak” and blaming the ECB for the record German trade surplus, accusing Draghi’s policies for the weak euro.

This post was published at Zero Hedge on May 22, 2017.