‘The euro is strong, fine. Damnit! It is also expensive’

Published on 25 October 2013 at 10:19


“The euro is the world’s strongest currency, a year and half after many people assumed it was living on borrowed time,” notes De Volkskrant. For the first time since November 2011, one euro is worth $1.38.

The euro has also risen against, among other currencies, the Japanese yen, the Brazilian real, and the Indian rupee. De Volkskrant, however, also draws attention to the “the negative consequences” of these exchange rates —

The significant rise of the euro in recent months is not in the interest of many European multinationals, whose financial results have been put under pressure by the costly European currency. Sales in other countries are not bringing in as many euros as they used to.

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