Weak GDP growth forecasts, recently released by the IMF, suggest probabilities are significant that one or more Eurozone countries could slip back into recession in 2015.
No, and for several reasons.
To profit from a strong dollar, you have to export more than you import in that currency. Those countries are in trouble because they consume (=import) much, but literally don't produce (=export) anything of significant value
Many of those countries will have debts denominated in US-$. In that case, a strong dollar is going to make matters worse, not better.
Even if that would help those countries, if would just mean that the economic situation in the US would get proportionally worse, eventually prompting an intervention of the Federal Reserve.
If the problem causing the economic difficulties is
- widespread unemployment
- due a lack of economic activity caused by
- a lack of investment and confidence
- due to poor rule of law, despotic property rights, corruption, nepotism,
- record-level state-personnel headcount with unreasonable salaries financed by debt,
- neo-feudalistic property and tax structures in general,
- and a corresponding overregulated job market
- with strong and corrupt trade unions
- and correspondingly insane retirement regulations & benefits,
- and a corresponding non-sustainable debt level
- denominated in foreign currency (or non-inflationary Euros),
- and a corrupt police force and jurisprudence system
- controlled by governments with questionable "democratic" background,
the minuscule increase of exports due to a strong dollar will simply not be strong enough to compensate for that.
The only thing that could solve those woes is a purge of the government and legal system (including police and military forces) of those mafious elements, like Mikhail Saakashvili attempted in Georgia. But in that countries, that's not going to happen, ever, because the mafia is the government (or vice-versa).
The problem is the same everywhere - really.
Spain, Italy, Greece, Portugal, to some extent even France.
The sad part is, you know how dire the situation is when three or four years ago, you overheard people say "I'd rather invest in the Ukraine than in France/Italy, because the risks are equally high but at least the Ukraine has growth potential"...