There is an awful inevitability about the latest instalment of the eurozone crisis, which looks highly likely to culminate in Ireland being forced to seek a bailout from the European Financial Stability Fund (EFSF).
Opinion piece by Philip Whyte Der Tagesspiel, 10 November 2010
Germany's economy has been winning numerous plaudits of late. It is not hard to see why. Previously much-vaunted economies "Ireland, Spain, the UK and the US, to name just four" lived way beyond their means for far too long.
Many Europeans believe that confidence in the eurozone is best restored by turning the region into a larger version of present-day Germany. However, Germany is not the world-beating economy of current myth.
The dollar has now fallen to $1.40 against the euro. This is still below the low of almost $1.60 that it reached in the middle in July 2008, but it represents a steep decline from under $1.20 in early June. Moreover, the US currency is likely to weaken further.