ElErian: ECB solved one problem but created another

The ECB solved the euro’s existential problem late last summer but it created another that it is ill-suited to solve, a strong currency, the Pimco CEO writes..

If not for those pesky Germans, they could just crank up the printing presses like the rest of us…

Since the pesky Germans are still holding sway, look for continued euro strength in coming weeks.

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