As the dollar started to decrease in value in 2002, some European ministers worried about Europe’s export, as it would become an advantage to import in Europe rather than to export.
The dollar kept losing value against the euro with no big consequences for European export due to the growing European economical strength. As the euro recently gained an unseen value against the dollar, European industrial export rose in Germany, Spain, France and Italy.
The dollar kept losing value against the euro with no big consequences for European export due to the growing European economical strength. As the euro recently gained an unseen value against the dollar, European industrial export rose in Germany, Spain, France and Italy.
Loïc Steelandt
Source: http://www.nytimes.com/2008/03/19/business/worldbusiness/19euro.html?scp=15&sq=dollar%20euro&st=cse
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