Remember a few years ago, when the Euro was so weak? When Tory papers- and webmuppets- rambled on about returning to the former currencies? When people rambled about what a failure it was?
Today, it hit its highest level against the Pound. US perfomers working outside the US now usually require payment in Euros and not US Dollars. And it is the currency of non-EU nations as well.
All the doomsayers, little imperialists and general rabble have gone all quiet on the issue.
Funny that.
The Euro
-
planeterotica
- Posts: 7093
- Joined: Fri Jul 14, 2017 2:40 am
Re: The Euro
Buy dollars they are dirt cheap at the moment and its still the main currency.
-
Deuce Bigolo
- Posts: 9910
- Joined: Fri Jul 14, 2017 2:40 am
Re: The Euro
but its down to the weakness of the US dollar and not the strength of the Euro IMHO
Re: The Euro
Doesn't explain the strength of the Euro against the Pound though.
-
Sam Slater
- Posts: 11624
- Joined: Fri Jul 14, 2017 2:40 am
Re: The Euro
It's when we start measuring the pound against the Euro that it's time to worry.
[i]I used to spend a lot of time criticizing Islam on here in the noughties - but things are much better now.[/i]
-
Deuce Bigolo
- Posts: 9910
- Joined: Fri Jul 14, 2017 2:40 am
Re: The Euro
Some asshole like George Soros playing monopoly with his hedgefund(if it still exists after the subprime meltdown)
Seen the bastard drive currencies a certain way to make a profit a massive profit.We're talking billions of dollars being used
Just guess work mind you
Could easily just be the fact that labour under brown are in govt
Seen the bastard drive currencies a certain way to make a profit a massive profit.We're talking billions of dollars being used
Just guess work mind you
Could easily just be the fact that labour under brown are in govt
Re: The Euro
EU, IMF see darker outlook for eurozone growth in 2008
04 December 2007, 00:41 CET
(BRUSSELS) - Growth in the 13 nations sharing the euro is expected to be weaker than expected only several months ago, according to the European Commission and the International Monetary Fund on Monday.
The head of the IMF's European department, Michael Deppler, painted a darker outlook for the eurozone in a presentation to the bloc's finance ministers on Monday in Brussels, EU Economic Affairs Commissioner Joaquin Almunia said.
"According to him, growth in the euro area could be around 2.0 percent, even below 2.0 percent, slightly below 2.0 percent next year," Almunia told journalists after the meeting.
In October, the IMF had forecast that the eurozone economy would expand by 2.1 percent next year.
Almunia also said that had the European Commission known what it knows now when it estimated in November that the eurozone economy would grow 2.2 percent then "our forecasts would have a lower figure for growth."
In particular, he cited record oil prices, a slowing US economy, finance market turbulence and a strong euro as sources of increased pessimism.
Original source.
http://www.eubusiness.com/news-eu/1196720222.22/
04 December 2007, 00:41 CET
(BRUSSELS) - Growth in the 13 nations sharing the euro is expected to be weaker than expected only several months ago, according to the European Commission and the International Monetary Fund on Monday.
The head of the IMF's European department, Michael Deppler, painted a darker outlook for the eurozone in a presentation to the bloc's finance ministers on Monday in Brussels, EU Economic Affairs Commissioner Joaquin Almunia said.
"According to him, growth in the euro area could be around 2.0 percent, even below 2.0 percent, slightly below 2.0 percent next year," Almunia told journalists after the meeting.
In October, the IMF had forecast that the eurozone economy would expand by 2.1 percent next year.
Almunia also said that had the European Commission known what it knows now when it estimated in November that the eurozone economy would grow 2.2 percent then "our forecasts would have a lower figure for growth."
In particular, he cited record oil prices, a slowing US economy, finance market turbulence and a strong euro as sources of increased pessimism.
Original source.
http://www.eubusiness.com/news-eu/1196720222.22/
Re: The Euro
"Seen the bastard drive currencies a certain way to make a profit a massive profit.We're talking billions of dollars being used"
Rubbish. I don't like the man, but no one person can drive the currency markets, the sums involved are just too large. The Dollar is falling in value because the US government is creating too many of them, to pay for its many commitments, including the war on terror of course. The more Dollars created, the less each one is worth. That's one of the reasons oil, which is priced in Dollars, is going up in price: the oil is the same, but the Dollars are worth less.
Rubbish. I don't like the man, but no one person can drive the currency markets, the sums involved are just too large. The Dollar is falling in value because the US government is creating too many of them, to pay for its many commitments, including the war on terror of course. The more Dollars created, the less each one is worth. That's one of the reasons oil, which is priced in Dollars, is going up in price: the oil is the same, but the Dollars are worth less.