Quote:
Originally Posted by HarryT
A minor point - it's not the Euro that's strong, but the US$ that's weak. The exchange rate of the Euro against other major world currencies has been pretty much constant for the past couple of years, while the US$ has plummeted in value.
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Harry, did you recently compare the Euro to the Swiss Franc or to the Yen?
Check:
http://finance.yahoo.com/q/bc?s=EURCHF=X&t=2y
http://finance.yahoo.com/q/bc?s=EURJPY=X&t=2y
Also this interesting article describing how French politicians and some export-oriented industries (such as EADS-Airbus) are asking for the devaluing of the Euro:
http://www.iht.com/articles/2007/07/...iness/euro.php