ChatterBank3 mins ago
Everything Is Looking Rosy In The Eurozone
https://www.msn.com/en-gb/money/other/eurozone-in-freefall-as-eu-currency-hits-new-20-year-low-euro-now-worth-less-than-dollar/ar-AA10ZsVe?ocid=winp1taskbar&cvid=367d8b6e1c544eeedf69a9dae9c58e23
https://www.msn.com/en-gb/money/other/euro-tumbles-to-a-20-year-low-as-business-activity-slumps/ar-AA111dQ9?ocid=winp1taskbar&cvid=e8ed794442a54e8bde9b33f576bfd54f
From the first link.
\\Earlier this month, EU critic Eric Noirez warning that the euro has "reached the end of its tether".
He told Express.co.uk: "The situation in the Eurozone is dramatic, not to say desperate.
"We have record inflation, a record trade deficit, record national debts, continuing deindustrialisation, growth still at half-mast and, finally, an increasing loss of confidence of investors and economic actors.
"The euro is a system that has reached the end of its tether.//
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From the first link.
\\Earlier this month, EU critic Eric Noirez warning that the euro has "reached the end of its tether".
He told Express.co.uk: "The situation in the Eurozone is dramatic, not to say desperate.
"We have record inflation, a record trade deficit, record national debts, continuing deindustrialisation, growth still at half-mast and, finally, an increasing loss of confidence of investors and economic actors.
"The euro is a system that has reached the end of its tether.//
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Best Answer
No best answer has yet been selected by webbo3. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Just noticed this thread Webbo. I have posted a couple of likns in the last few days on the very subject. They belong here.
https://www.msn.com/en-gb/money/other/single-currency-in-crisis-the-ecb-is-caught-between-a-rock-and-a-hard-place-ahead-of-crunch-rates-decision-says-maggie-pagano/ar-AA110Iqx?ocid=msedgdhp&pc=U531&cvid=290bd0fcc74241f3969501401f74c9f6
https://www.msn.com/en-gb/money/other/germany-and-france-have-driven-eurozone-into-recession-economists-warn-live-updates/ar-AA10YPuV?ocid=msedgdhp&pc=U531&cvid=9ed1b8547aa841ab8d5eb82520004617
https://www.msn.com/en-gb/money/other/euro-falls-below-parity-with-the-dollar-what-s-the-impact/ar-AA10ZuFK?cvid=66f2124ad16743dea9d3210216d4aa5d
https://www.msn.com/en-gb/money/other/end-of-the-euro-currency-a-trap-closing-in-and-will-explode-recession-warning/ar-AA107Dx5?li=AAnZ9Ug
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Eric Noirez's description could fit the UK (and many other countries at the moment) quite well too!
Having a strong currency isn't always such a good thing anyway. It helps to keep the prices of imported goods down but it can make exporting products extremely difficult. If a country (or economic zone) wants to boost its exports (which, in turn, can boost employment), it needs a weak currency, not a strong one.
Having a strong currency isn't always such a good thing anyway. It helps to keep the prices of imported goods down but it can make exporting products extremely difficult. If a country (or economic zone) wants to boost its exports (which, in turn, can boost employment), it needs a weak currency, not a strong one.
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