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That puts more pressure on Germany to buttress the troubled currency union, but the policies set out by the proposed new coalition government seem more likely to weaken than to strengthen the euro-zone's biggest economy.
In a highly unusual step, the chancellor suggested that Greece may have to leave the eurozone so Germany could convince voters that it was worth pouring more money into the troubled currency.
Further interest-rate rises in Europe are hardly likely to bolster its economic recovery or to do much for its troubled currency.There is an inflation problem in Europe, but it is concentrated in smaller economies such as Ireland's, Portugal's and Spain's.
In this surprisingly readable book, written by an esteemed economist and a former finance minister of El Salvador, the authors lay out the reasons that our troubled currency is undermining the global economy, as well as our own.
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This may reflect a wider shift in official reserves away from the benighted euro towards less troubled currencies.
They then waited for the other shoe to drop (the liberation of Kuwait; IMF or central bank action on troubled currencies).
A few upstarts most notably Bitcoin, a troubled virtual currency—are seeking to bypass the existing payments infrastructure altogether.
BRUSSELS — In an indication that union in Europe is still very much a work in progress, its top official on Friday suggested assembling yet another big gun to save the bloc's troubled common currency.
Indeed, bitcoin's decline has been such that it has actually performed worse than Russia's troubled Ruble currency, as Quartz pointed out last month.
The move is a good first step toward establishing a banking union that could help stabilize the troubled single-currency bloc — but only if it is quickly followed by other measures, like deposit insurance, a system to recapitalize or shut down weak banks, and, eventually, the establishment of a fiscal and political union.
Skeptics will point out that these troubled Asian currencies had just been pegged to the dollar and that the crisis came nonetheless.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com