Buy custom The Present Rise Of The Euro Relative To Other Currencies.
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1057 |
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A strong euro, high interest rate has made money more expensive to borrow. These countries (Italy, Spain, Portugal and Greece etc) can do nothing but to accept the interest rate set by the ECB. For instance; The Italian economy is being crippled by a strong Euro (McCreery2008). If the Italians had control of their monetary policy, adjustment would be made to suit their current situation...
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If the Italians had control of their monetary policy, adjustment would be made to suit their current situation.
Since Europe relies heavily upon export and most of their imports are raw materials and intermediate goods, the strength of the euro is having a negative effect for exporters and manufacturers...
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