Since Monday, comments in this section on the problems of the euro and Economic and Monetary Union call for a follow-up. Some aspects have indeed remained in the shadows.
A structural weakness of the dollar? I shall begin with a subject of astonishment. In the many statements on the exchange ratio between the dollar and the euro, I don't recall anyone placing emphasis on the structural weakness of the dollar. The permanent deficit of the American trade balance has had the effect of the...