Euro vs $$$
This will be detrimental to the American economy as the Euro is destroyed and our exports are hurt.
Euro vs $$$
This will be detrimental to the American economy as the Euro is destroyed and our exports are hurt.
How is the burning of an average of 500 vehicles a night going to hurt anyone's economy? Figure over 5000 cars here. At 20K a pop, thats some number that's like 100 million dollars. It can only help, as the French folks who have lost their cars now have the opportunity to buy new cars. Some of those cars will be American cars. They will need some busses and ambulances, too, from what I have read.
In theory, that is true but the real economies do not follow economic theory very well.
I'm not so sure that the Euro's problems will be very negative for the Americas.
Economies on this side of the Atlantic are somewhat more flexible and could adjust to a Euro far below parity.
Of course companies with investments in Europe would take some fairly short term hits.
In the mean-time the financial sector and nimble currency traders will be able to benefit a lot from the currency volatility.
Of course Warren Buffett and Bill Gates and others are suffering some pain if they are still short the dollar for ideological reasons.
>>This will be detrimental to the American economy as the Euro
>> is destroyed and our exports are hurt.
But their tourism industry will boom! Wait...
We cannot allow French nukes to fall into Muslim/Islamofascist hands.