Tuesday, May 31, 2005

Euro Continues Skid Against Dollar

Click on the title for a link to the full Bloomberg article. Read the full article then look at this part:

The euro may fall to $1.22 in two days, said Austin. It slid 4.4 percent in May as reports also showed European growth is trailing the U.S. expansion for a fourth year.

It is amazing that an entire continent with twice the population cannot produce more economic growth, than this country. So to all of you that have not gone to Europe because the Euro was so over-inflated, get your passports and bags packed. By the end of July, it may actually be affordable again. Go do it soon, while there still is a Europe to visit. The rate things are going, the European continent will partially belong to the Neo-Ottoman Empire, soon.

1 comment:

Anonymous said...

A)
It is amazing that an entire continent with twice the population cannot produce more economic growth, than this country.
Hmmmm...?
USA, about 300 million people
Euro zone (12 countries) about 300 million people.
Twice the population???
Even if you include countries which didn't adopt the Euro (UK, Dk, Sweden etc. + the ten new members -Poland etc.-) you hardy reach 450 millions.
Twice the population???

Is this blog a seriously documented one?



B)

15 months later...
1.00 Euro = 1.27 US Dollar

What do you mean the Euro is skidding?

Flocon