An article in the Wall Street Journal stated, “With the uncertainty lifting and economy doing well, the European Central Bank is more likely to taper the massive stimulus program that has helped keep pressure on the euro.”
a. What does the article mean by “pressure on the euro”?
b. What is the article referring to by the “massive stimulus program” by the European Central Bank, and why would it keep pressure on the euro?
c. If you ran a business in the euro zone that exports to the United States and Japan, would the tapering (cutting back) of the massive stimulus program help you? If you were a consumer in the euro zone, would the tapering of the program help you? Briefly explain.