Euro

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  • Reply 41 of 41
    smalmsmalm Posts: 656member
    [quote]Originally posted by roger_ramjet:

    <strong> By Arthur B. Laffer, founder and chairman of Laffer Associates, an economic research and consulting firm based in San Diego </strong><hr></blockquote>



    Not the Euro is strong or weak, it's the european economy. And as long the american economy is so much stronger than the eropean, the Euro will not catch up with the Dollar! But this is not the fault of the ECB, it's mostly the fault of the governments, companies and unions who have missed economical changes in the 90's

    And Laffer missed the purpose of the ECB, to prevent inflation and to strengthen the inner value of the Euro and not to pump up the economy (which is a very anglo-saxon point of view ).
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