The Euro

The recent rise in the value of the Euro against the dollar is not a bad thing for the US. It makes US goods cheaper in europe and European goods more expensive in the US. In other words Mercedes automobiles and French wines will cost more in the US and American computers will cost less in France and Germany. Since the Brits, who were strong allies in the liberation of Iraq, still have not adopted the Euro they are less likely to be impacted. The UK does have to make a decision soon on whether to embrace the Euro, and they will have to wheigh this along with other disadvantages to the single European currency.

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