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Posts Tagged ‘berlin unaffected downturn’

Relative strength of EURO could become a burden for Euro-Zone economies – So far Berlin least affected

Tuesday, December 22nd, 2009

Berlin 22-12-2009

The European Commission has indicated that the Euro is presently overvalued relative to other major currencies like the Dollar, Yen and Renminbi and further rises would seriously affect Euro-Zone economies.

The Euro has basically been rising against the US dollar since March this year but halted recently, partly due to major concerns about the financial stability of EU member Greece.The European Commission has [...] Continue Reading…