Skepticism about the EUR in the long run – Commerzbank EURUSD ECB Eurozone Banks
Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, highlights the fundamental problem of the common currency area.It is not the quality of the arguments but national interests that determine the monetary policy positions of our monetary guardians. I wonder whether a common monetary policy can succeed in this way.
At the end of the day, the institutional independence of a central bank is of no use if the public does not have fundamental confidence in it. No central bank has ever been able to conduct monetary policy against its people in the long run. That's why I'm skeptical about the EUR in the long run.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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