section_path: Views/Germany
section_name: Germany
paragraph_text: Germany
  
  Navarro drew controversy when he accused Germany of using a "grossly undervalued" euro to "exploit" the rest of the European Union and the United States. Politico noted that the German government does not set the value of the euro. Economists and commentators are divided on the accuracy of Navarro's remarks. Economist Paul Krugman said that Navarro was right and wrong at the same time: "Yes, Germany in effect has an undervalued currency relative to what it would have without the euro... But does this mean that the euro as a whole is undervalued against the dollar? Probably not."
  
  Navarro drew controversy when he accused Germany of using a "grossly undervalued" euro to "exploit" the rest of the European Union and the United States. Politico noted that the German government does not set the value of the euro. Economists and commentators are divided on the accuracy of Navarro's remarks. Economist Paul Krugman said that Navarro was right and wrong at the same time: "Yes, Germany in effect has an undervalued currency relative to what it would have without the euro... But does this mean that the euro as a whole is undervalued against the dollar? Probably not."