And they said the Euro would become what the Dollar once was... ROFL

[w¡n9Nµ7 §£@¥€r 123]

Ireland, Greece May Leave Euro, Standard Bank Says

Dec. 11 (Bloomberg) -- Greece and Ireland are among countries in an “intolerable” economic situation, which may lead to bailouts or even an exit from the euro area by the end of next year, according to Standard Bank Plc.

http://www.bloomberg.com/apps/news?pid=206...id=a3SIOdqSGOtE

[Mr. Big Dog 10,747]

Before you make fun of the EURO, consider how it's done against the US Dollar Peseta.

[w¡n9Nµ7 §£@¥€r 123]

Before you make fun of the EURO, consider how it's done against the US Dollar Peseta.

Holla at me when Texas or Montana or California decides to leave the dollar

[Mr. Big Dog 10,747]

Before you make fun of the EURO, consider how it's done against the US Dollar Peseta.

Holla at me when Texas or Montana or California decides to leave the dollar

Actually, it's not so much about whether any country in Europe seeks to leave the EUR but may be forced out for not meeting the quite stringent fiscal requirements for being eligible to be part of the EUR currency. The EUR was designed to be a strong and stable currency and thus far, it has met the test. Unlike the Dollar, the EUR is not turning into a Zloty while the Dollar looks more and more like a Peseta.

Pretty soon, the EUR and Dollar will be back to "parity" of sorts when you get 1 EUR for 1 bucket full of Dollars.

[mawilson 2,133]

Pretty soon, the EUR and Dollar will be back to "parity" of sorts when you get 1 EUR for 1 bucket full of Dollars.

Good luck finding a buyer for your products then.

European companies are already struggling with the Euro being where it is today.

[Ban Hammer 13,345]

Before you make fun of the EURO, consider how it's done against the US Dollar Peseta.

Holla at me when Texas or Montana or California decides to leave the dollar

[Mr. Big Dog 10,747]

Pretty soon, the EUR and Dollar will be back to "parity" of sorts when you get 1 EUR for 1 bucket full of Dollars.

Good luck finding a buyer for your products then.

European companies are already struggling with the Euro being where it is today.

Good and valid point. I just read that Daimler is looking to move production of the next generation C class from Sindelfingen to Tuscaloosa, AL.

[rin and john 71]

Before you make fun of the EURO, consider how it's done against the US Dollar Peseta.

The graph actually shows the euro from its issuance as a hard currency. The inception of the euro was 1/1/1999 when it traded at almost 1 euro = 1.2 USD. So from inception (1999) to issuance of hard currency (2002), the euro dropped over 25%. Today it stands at roughly 1.465 USD = 1 euro - about a 20% change since inception 10 years ago. The reality is we have essentially been here before. The euro replaced the European Currency Unit, which was based on a basket of European currencies. These were fixed in 1999 at the following rates:

CountryCurrency1 euro (EUR) =1999BelgiumBelgian Franc40.3399 BEFGermanyGerman Mark1.95583 DEMSpainSpanish Peseta166.386 ESPFranceFrench Franc6.55957 FRFIrelandIrish Punt0.787564 IEPItalyItalian Lira1936.27 ITLLuxembourgLuxembourg Franc40.3399 LUFNetherlandsDutch Guilder2.20371 NLGAustriaAustrian Schilling13.7603 ATSPortugalPortuguese Escudo200.482 PTEFinlandFinnish Markka5.94573 FIM

As such, it is possible to back calculate to a USD-Euro rate. Such data can be found here:

http://www.x-rates.com/cgi-bin/hlookup.cgi

Going back to 1990 to 1992 (another period of recession), the Euro was equivalent to 1.3 to 1.4 USD; not significantly different than were it is today. Also of note, both periods of high/increasing Euro to USD value are marked by wars in the Middle East.