EU commissioner Rehn warns on threat from strong euro

Europe’s fledgling economic recovery could suffer if the euro is undercut by other currencies, the European Union’s economics chief warned as China rebuffed fresh pleas to allow the renminbi to strengthen.

The warning from Olli Rehn, Europe’s commissioner for economic and monetary affairs, reflected a growing concern that moves by other nations to restrain their currencies in order to boost exports was taking its toll on Europe’s competitiveness.

http://www.ft.com/cms/s/0/5cd8dc4a-d065-11df-afe1-00144feabdc0.html

G7 will have a lot of discussion at their next meeting. Coordinated - of course...

 

competitive devaluation, this will lead to war eventually.

 

keyword is "eventually" until then, live like there is no tomorrow.