German exporters split over weak euro

The crisis of the Greek economy in 2010 and its effect on the strength of the euro has, if anything, hardened the conviction in German political and business circles that the rules of the eurozone stability and growth pact, with its insistence on tight budgetary discipline, must be more strictly enforced.

Even though a weaker euro might help German manufacturers, the overall desire is for the existing monetary rules to be strictly applied.

While academic economists in Germany have long debated the need for more co-ordinated economic policy to complement the monetary policy of the eurozone, the subject remains virtually taboo in the political establishment.

ESO: Background information: French focus on their vision for eurozone http://www.europeansources.info/record/french-focus-on-their-vision-for-eurozone/

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