Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Anaemic growth rates in the eurozone are having a deleterious effect on debt levels, making it near impossible for countries to turn their finances around. There is a solution, but it's a politically messy one.
The redistribution of a shrinking wealth pie will not solve the West's inequality woes. Providing education for all while protecting the wealth-creating ability of the free market is a better way to achieve prosperity.
Whether or not you accept the ECB's view on new euro strength as a deflationary risk, the need for a weaker currency is not a given. In fact the ideal exchange rate for each euro country is vastly different.