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#11
March 13th, 2007, 11:12 PM
posted to rec.travel.europe
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BUSH KEEPS AMERICANS FROM TRAVELLING.
Make credence recognised that on Tue, 13 Mar 2007 16:06:26 +0100,
"Turan Fettahoglu" has scripted: Well, he's right about the devalued dollar! Last time I was in Europe, the euro was worth about $1.25 (considerably different from the initial $0.85 or so). It' has now slipped even further - when I checked today's rate, it's up to $1.32! A low dollar may well boost exports, which is a fine thing. On the other hand, imports (especially oil) become more expensive. When the Euro was some $0.80 the European export industry was doing much better than now. So what is better, an overvalued or an undervalued currency? Ask any nation that has enjoyed the success of a devalued currency. Plenty of them around. -- --- DFM - http://www.deepfriedmars.com --- -- 
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