Thursday, January 28, 2010

The Euro is in a deep slide

Late last year, it became fashionable to predict the dollar's demise. This year, however, shaky state finances within the European common currency zone have many worried about the future of the euro. Even the EU thinks the monetary union could be in danger.

In just a month and a half the Euro has gone from $1.51 to $1.40 today, and many analysts are now warning that it may be in for a long slide. DER SPEIGEL


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