The single currency is under immense pressure from the various debt problems in a number of Eurozone countries, having experienced a considerable drop in value compared to the US dollar in recent weeks. Professor Wolfgang Franz, head of the ZEW Research Group “Growth and Business Cycles“, discusses the impact of a weak euro on the German economy and calls for the Eurozone to undertake strict consolidation measures to stabilise the currency.
Professor Wolfgang Franz gained his doctorate in economics from the University of Mannheim. After being granted the title of professor in 1981, he accepted a post at the University of Mainz. This was followed by positions at the University of Stuttgart, starting in 1984, and at the University of Konstanz from 1989. Since 1997, Franz has been both president of ZEW in Mannheim and an economics professor at the University of Mannheim. In addition, he has led the ZEW Research Group “Growth and Business Cycles” since September 2007. His research primarily focuses on macroeconomics, labour market research and empirical economic research. Since 2003, Franz has been a member of the German Council of Economic Experts, of which he has served as chair since March 2009.