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The Euro Tug-of-War

With the future direction of the euro up for debate, a strengthening of the common currency could potentially add to the odds of a “Japanisation” of Europe.

Thomas Kressin

Portfolio Manager, Currencies


Dr. Kressin is a senior vice president and head of the European foreign exchange desk in the Munich office. He is also a member of the European Portfolio Committee. He joined the Allianz Group in 1998 and PIMCO in 2002. Until 2009, he worked as co-head of the global desk in Munich, with a special focus on currencies. Previously, he supported the private client asset management division of Dresdner Bank AG in Berlin. He has 26 years of investment experience and holds a master’s degree in business administration from the Technical University in Berlin, Germany, and a Ph.D. from the Technical University Cottbus.