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THough also a fiat currency like the US dollar, they EU hasn't been playing (or at least not to the same extent) the fun little game that the US has of running up a mindbogglingly high deficit, printing money with no backing to back that deficit, and (most recently) monetizing the debt (Federal Reserve's recent purchases of Treasuries).
I expect the Euro will remain stronger than the USD for sometime and will likely even gain ground when inflation (thanks to debt monetization and overprinting of money) strangles any economic recovery.
cosidering the Situation in usa , the euro is stronger and it seems it will be the same way for some time now
cosidering the Situation in usa , the euro is stronger and it seems it will be the same way for some time now
There is a larger work force that uses the European dollar then American.
This one is easy - The Fed has it's printing presses running non-stop to pay for the debt. If you can, try reading "The Creature from Jekyll Island" and hopefully you have a little gold set aside in case hyper-inflation sets in; and that is a real possibility
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