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Politics : Politics for Pros- moderated

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To: Neeka who wrote (211390)	7/10/2007 8:16:48 PM
From: Snowshoe	Read Replies (2) of 793957

>>I've heard rumors that certain countries are not too happy with the current monetary system (Euro)...<< Yes, the Euro is creating some stresses and strains and some pundits think it won't last. But that author needs to get his basic facts straight. The Euro is most definitely NOT "down"! It's the US dollar that is being flushed down the toilet... Euro hits new high against U.S. dollar By JACKIE FARWELL, AP Business Writer Tue Jul 10, 4:54 PM ET NEW YORK - The euro shot to an all-time high against the U.S. dollar Tuesday on concerns about the American economy that were fueled by discouraging growth forecasts from key U.S. retailers and homebuilders. news.yahoo.com

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