Euro's Joyride is Coming to an End
Rosemary Righter, The Times | August 12, 2008
Even though the European Central Bank reassures the investors that the euro has great prospects, business activity on the Old Continent is falling and consumer confidence is plummeting. ++ On Friday, the euro had its worst day against the dollar in 4 years and there are reasons to believe this was not a temporary blip, but the beginning of a trend. ++ Analysts were so focused on American economic problems they overlooked clear signs that portend the other side of the Atlantic is heading towards a recession as well.
