Wednesday saw the shared currency of the European Union climb in value against the U.S. dollar as the embattled monetary unit ceased five consecutive trading sessions of losses, according to Reuters.
But the damaging tendencies of the sovereign debt crisis are every bit as perilous now as they were one year ago, according to an annual report published by the central bank of Germany, as cited by The New York Times.
"The risks to the German financial system are no lower in 2012 than they were in 2011," according to the Bundesbank report on financial stability. Germany's economy is the healthiest in the 17-nation bloc.
But Reuters reports Germany might be inclined to help with a resolution for the benefit of Greece, which aided the upward drive of the euro. A proposal that Germany issued on Tuesday about Greece receiving 44 billion euros picked up steam.
The Aegean nation only is eligible for international bailout aid if lenders are in consensus about dealing with its debt.
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