The European Central Bank is so inept its unbelievable! Which is why they hate the English.

The Eurozone is in turmoil.
Unemployment in Germany, France, Spain, Italy, Greece etc.
Exports are down.
Economies are spiralling down.
The economy going into Stagnation and possibly, Depression and yet the Germans must show the Euro as being strong.

Any economist will tell you (especially from Japan) that to help the exports the currency has to decrease in value

STG vs Euro 1.2700
USD vs Euro 1.1300.

The value should be a minimal

STG vs Euro 1.5875
USD vs Euro 1.4125

This will make their exports cheaper!

They really don't have a clue!!