Germany senior government economic adviser said the risk of the euro appreciation should be alert
Xinhuanet in Frankfurt on March 20th Electricity (Lu Qunxin) The Germany senior economic adviser of Government Peter Bofinger on 20th to the outside world said that because the Government of the United States adopt the policy of quantitative easing has probably led to appreciation of the euro, Germany weak exports has been likely to further be hit. Peter said that since the Federal Reserve recently announced that since it would buy 300 billion U.S. dollars, as well as long-term government bonds of 850 billion U.S. dollars of the other bonds, the euro-dollar exchange rate has increased substantially, which will make German companies already troubled by an economic recession face greater challenges.
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