DislikedHi,
I haven't yet noticed this news on-line, but on my way home, I've listened to the radio and it was said, that the EU politicians and economists will hold "I-don't-know-what-kind" of extraordinary meeting, because the weak $ and strong € are starting to cause some serious trouble. BMW (the car maker) alone will have to lay of several thousand people just because of this and at least a dozen other "blue-chip" type of companies will be having mass layoffs (also in thousands) too. These companies are paying for raw material and production in € and when exporting to US, they get a weak $ for the products exported.
Well, I just thought this would be interesting to share with you.Ignored
EU urges banks to stabilise markets (http://news.yahoo.com/s/afp/20080314/bs_afp/eusummiteconomymarketsregulate)
And what Jacko has been saying has happened:
Weak dollar costs U.S. economy its world No. 1 spot (http://news.yahoo.com/s/nm/20080314/ts_nm/economy_world_biggest_dc).