Merkel Says There Is A “Problem” With The Euro

German Chancellor Angela Merkel said there was a “problem” with the value of the euro because the European Central Bank was tailoring its policies to weaker members of the eurozone and not strictly to Germany, CNBC reports.

Merkel said the euro’s exchange rate does contribute to Germany’s trade surplus, though that’s because European Central Bank’s needs to set monetary policy that responds to disparate economic performances across 19 nations. The euro reached a 14-year low of $1.0388 in December and closed at $1.0616 on Friday, according to Bloomberg.