The chancellor knows that the euro has been good for Germany at the same time, despite its recent lack of popularity. Stable exchange rates have encouraged trade and growth while the German economy, ironically, profits from the financial disturbances in the south which makes the euro, and therefore, German exports, cheaper.
http://atlanticsentinel.com/2010/05/merkel-future-eu-at-stake/The more the Euro falls, the better it is for German exports!
Merkel is playing a game! One that may blow up in her deceptive face!