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Everything Is Looking Rosy In The Eurozone

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webbo3 | 13:03 Wed 24th Aug 2022 | News
7 Answers
https://www.msn.com/en-gb/money/other/eurozone-in-freefall-as-eu-currency-hits-new-20-year-low-euro-now-worth-less-than-dollar/ar-AA10ZsVe?ocid=winp1taskbar&cvid=367d8b6e1c544eeedf69a9dae9c58e23

https://www.msn.com/en-gb/money/other/euro-tumbles-to-a-20-year-low-as-business-activity-slumps/ar-AA111dQ9?ocid=winp1taskbar&cvid=e8ed794442a54e8bde9b33f576bfd54f

From the first link.
\\Earlier this month, EU critic Eric Noirez warning that the euro has "reached the end of its tether".

He told Express.co.uk: "The situation in the Eurozone is dramatic, not to say desperate.

"We have record inflation, a record trade deficit, record national debts, continuing deindustrialisation, growth still at half-mast and, finally, an increasing loss of confidence of investors and economic actors.

"The euro is a system that has reached the end of its tether.//
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The Euro is having problems like most countries. The big problem for them is they are more affected by the fuel prices/shortages than others.

It will bottom out at some point and then climb.
Is a neighbouring nation(s) currency fall grounds for celebration? We trade with them so surely their economic woes will affect our trade.

Though not as bad, Sterling has been having a hard time lately due to our record inflation, £400Billion borrowing, recession, poor trade figures.
Eric Noirez is an advocate of Frexit. It's no surprise he's peddling anti-EU rhetoric.
Links even.
but surely it's all brexit's fault isn't it??
Eric Noirez's description could fit the UK (and many other countries at the moment) quite well too!

Having a strong currency isn't always such a good thing anyway. It helps to keep the prices of imported goods down but it can make exporting products extremely difficult. If a country (or economic zone) wants to boost its exports (which, in turn, can boost employment), it needs a weak currency, not a strong one.

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Everything Is Looking Rosy In The Eurozone

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