While the rest of the world recovers from the great recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done about it? One solution is a weaker euro. Earlier this month, the chief executive of Airbus called for drastic action to reduce the value of the euro against the dollar by about 10%, from a "crazy" $1.35 to between $1.20 and $1.25. The European Central Bank (ECB) cut its deposit rates from 0 to -0.1%, effectively charging banks to keep money there, but these measures had little effect on foreign exchange markets. That is mainly because nothing is being done ... (full story)