Curse or blessing for the euro zone?
Since the beginning of 2018, the euro has depreciated against the dollar. At the beginning of June, the price for one euro rose again. Even if the euro lost value again in the last few days, a further appreciation of the euro is expected for the next 12 months (see, for example Michels 2019, page 3). This revaluation directly worsens the international competitiveness of the euro countries. In the medium and long term, however, the appreciation of the euro can also have positive effects on the competitiveness of companies in the euro zone.