Photo: scjody via Flickr
Remember when the euro was falling every day, the refrain from money was: well a declining euro isn’t a bad thing, it’s only a disorderly fall that hurts.After all a cheaper currency makes for a more competitive export base.
And that theory has been put into practice.
Soon the question will have to be asked: At what point does the (disorderly) surging euro become problematic?
At $1.32, European goods cost 10% more now than they did a few weeks ago, when the euro was at $1.20. Hope Germans like the strong Euro.
Business Insider Emails & Alerts
Site highlights each day to your inbox.