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The strength of the euro is beginning to test the patience of the European business and political establishment.
The strength of the euro is beginning to test the patience of the European business and political establishment.
(KAI PFAFFENBACH/REUTERS)

Why euro zone resolve is cracking under a strong currency

The dollar is too powerful; the dollar is too weak. You can’t have it both ways but the contradictory complaints about the greenback are coming from two pillars of the French establishment. French Finance Minister Michel Sapin this week called for and end to the dominance of the U.S. dollar in global trade while the chief executive officer of Airbus’s civil aircraft business, Fabrice Brégier said the euro-dollar exchange rate was “crazy” and urged the European Central Bank to take action to weaken the euro.