It is not only the Japanese who are using their monetary policy to weaken their currency. Even the Americans, and the British are joining the fight. We are in a currency war...The situation is a reminiscent of the 30s of the last century. Then, too, there was a competitive devaluation...For Europe, given the different interests of the euro countries, it will be a difficult attempt to appreciate or depreciate the single currency. For countries like Spain and Italy, a weaker euro would be better. However, an economically robust country such as Germany, can keep up in the world markets even without currency devaluation. ... (full story)