In the News: Bloomberg TV

The euro may continue to strengthen because the governments are reluctant to spend money, portfolio manager Axel Merk tells Bloomberg TV

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'This [reluctance to bail] everyone out is precisely what is good for a currency. It may be bad for the [bonds of the] peripheral countries, but it is good for the currency, because less money is being spent and printed. That is why the euro is so strong...they are far more reluctant to come to the rescue of countries than in the U.S.'
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