Euro Fights for Foothold amid Woes Agenda 2000 Summit in Berlin March 24 to Test European Cooperation on Tough Budgetary Issues
David R. Francis, writer of The Christian Science Monitor, The Christian Science Monitor
Money trouble is rattling Euroland as the euro - common currency for 11 countries - hits a rough spot two months after its launch.
The skid could end before it has time to deeply impact trade. But if Europe can't afford US goods, American industry takes a hit - even as the dynamic dollar gains from its popularity in world markets.
For now, while the euro has lost some 7 percent of its value in relation to the dollar, raising questions about Europe's early success at forming a powerhouse monetary union, the drop doesn't appear to trouble European economists. "The euro should be in the future a bit stronger," says Ulrich Ramm, chief economist in Frankfurt of …
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Publication information: Article title: Euro Fights for Foothold amid Woes Agenda 2000 Summit in Berlin March 24 to Test European Cooperation on Tough Budgetary Issues. Contributors: David R. Francis, writer of The Christian Science Monitor - Author. Newspaper title: The Christian Science Monitor. Publication date: March 2, 1999. Page number: 7. © 2009 The Christian Science Publishing Society. Provided by ProQuest LLC. All Rights Reserved.
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