Саркози и беспокойство вокруг евро

Чем больше президент Франции Николя Саркози атакует Европейский центральный банк и сильное евро, тем больше его критикуют европейские СМИ, министры финансов Европы, официальные лица ЕС и сам ЕЦБ. Критики правы. Фундаментальная причина сегодняшней экономической слабости Франции заключается в её недостаточной конкурентоспособности, даже в других экономиках зоны евро, где сила евро не так важна.

Но и Саркози кое в чём прав. На иностранных фондовых биржах растёт беспокойство, угрожающее катапультировать евро на такую высоту, что даже самый успешный экспортёр зоны евро – Германия – не сможет конкурировать на мировых рынках. Если немецкие экспортёры не могут конкурировать при обменном курсе 1,50 доллара за евро, что же тогда делать французским экспортёрам?

Евро крепнет по нескольким причинам. Главный фактор заключается в том, что у Федеральной резервной системы США резко поменялось мнение по поводу силы американской экономики. Председатель ФРС Бен Бернэйнк сейчас чрезвычайно озабочен тем, что проблемы в экономике в сфере жилья и ипотечного кредитования могут привести к экономическому спаду, если только значительно не урезать процентные ставки, даже если это и означает определённый риск инфляции.

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