Another sector that might benefit from a weak euro is insurance, where business tends to be done in dollars worldwide.

He said on the same day that the weak euro was "good for exports" and "no problem."

But was it enough to offset higher costs and a weaker euro?

A weak euro is fantastic news for Germany in the short term.

The weak euro has made their products more expensive in Europe, hurting sales.

A weak euro makes European products, like cars, cheaper, hurting domestic sales.

It has been struggling with a weak euro and ambitious expansion plans that some analysts think went too far.

So then the basic principle reads: a weak euro is bad for the European economy.

Suddenly we have a weak euro and a low growth rate.

Yesterday's German economic data showed some of the results of the weak euro.