, Columnist
The U.S. Should Help Lower the Euro
A joint currency intervention to lower the euro would help Europe deal with slow growth and, at the same time, neutralize the impact of sanctions on Europe.
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Europe is in a dilemma, caught between its geopolitical obligation to impose meaningful economic sanctions against Russia and its domestic obligation to counter low inflation and slack economic activity. The first duty should put upward pressure on the euro, while the second requires the currency to fall in the foreign exchanges.
Meanwhile, Russian President Vladimir Putin is hoping that Europe's current domestic economic difficulties will cause it to back off sanctions.