Rising Euro hurts European economy and helps US/Japan

Alex Moon · Post by **Alex Moon** » 2003-07-01 05:33pm

The euro's hefty rise has hurt European factory exports to the benefit of cheaper U.S., Japanese and U.K goods. British manufacturing rose to its highest level of the year, close to the dividing line between growth and contraction.

HemlockGrey · Post by **HemlockGrey** » 2003-07-01 05:39pm

Damn, you guys can't do anything right.

Dahak · Post by **Dahak** » 2003-07-01 05:41pm

On the other hand we get our resources, for instance oil, far cheaper than before.

Post by **Colonel Olrik** » 2003-07-01 05:51pm

Old news. There are obvious disadvantages and advantages associated with a strong currency.

The E.U is much more a producer than an importer, so a strong Euro hurts the economy. Fortunately, most companies trade inside the E.U, and those won't feel the consequences,a t least directly.

Post by **Sea Skimmer** » 2003-07-01 06:12pm

Only more poorly planned EU legislation can solve this problem!

*The Euro is pegged to the Iraqi dinar*

Post by **Colonel Olrik** » 2003-07-01 06:15pm

Sea Skimmer wrote:Only more poorly planned EU legislation can solve this problem!

*The Euro is pegged to the Iraqi dinar*

That would destroy the U.S as well, you know that, don't you?

Or did you mean "Iraqi dollar"