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Title: EU Makes Strong Threats Over Falling USD


JumpInTheFire - April 19, 2008 10:45 AM (GMT)
Source: http://www.shortnews.com/start.cfm?id=70107



QUOTE
The EU has issued its strongest threat to date on the continued fall of the USD against the Euro, warning it is prepared to take surprise action against hedge funds and currency traders.
The currency movements are causing great harm to EU Industry

The problems are much more severe in the southern economies and Ireland, whilst Germany has suffered only minor troubles so far.

Metfuk - April 19, 2008 11:03 AM (GMT)
Interesting. I thought Germany was one of the biggest exporters of Europe, yet they only suffered minor troubles. :blink:

But what I wonder is: Why don't EU companies charge in their own Euro currency? That way it will always be the same price for them to sell under. Only the US dollar buyer will have to pay more in order to meet the EU currency.

I don't know if my post made sense. Can't find the best English words to formulate my opinion on this one.




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