1. DOLLAR DAZE IN EUROPE.
- Author
-
Ewing, Jack, Capell, Kerry, Matlack, Carol, Fishbein, Jennifer, and Frye, Barbara
- Subjects
ECONOMIC conditions in Europe, 1945- ,EURO ,U.S. dollar ,EXPORTS ,IRISH economy, 1949- ,INTEREST rates - Abstract
The article discusses the impact of the declining value of the U.S. dollar on the European economy. The widening gap between the dollar and euro leads to decreased profit from exporting goods to the U.S., where the dollar is weak and demand is low. Jobs at European factories are lost as companies begin manufacturing goods in the U.S. and elsewhere. The European Central Bank has kept interest rates high, contributing to the euro's strength. The economic situation in Ireland is highlighted.
- Published
- 2008