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zocytrad
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PostSubject: .Coach Tribeca Bags   Thu May 27, 2010 5:28 am

As that reality has sunk into the minds of investors, the euro has sunk with it. In mid-May, the euro touched a four-year low against the dollar. For Europe, that's probably a good thing. A cheaper euro makes European products more competitive in world markets, which could boost exports and growth in a region experiencing an especially tepid recovery from the Great Recession. But a weak euro is bad news for the U.S., which was
counting on exports to create jobs and sustain its own recovery; in international markets, U.S.-made goods will now be less competitive than European ones. Western Europe, one of the richest places on earth, has traditionally sucked up oodles of imports, but the weak euro will raise their price, depressing demand and with it the chances for a rapid global economic rebound.
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