Monday, October 24, 2005

Euro weakest currency in 2005

The euro has been one of the weakest–performing currencies in the world in 2005, with one reason being the low interest rate-policy of the European Central Bank (ECB).

Financial Times Deutschland reports that when comparing the performance of 58 of the world’s main currencies, the euro only ranks at number 50.

In 2005, the EU currency slipped back not only against the dollar, the pound and the yen, but also against the Turkish lira and the Brazilian Real.

Wow. The EU sucks. If it can't compete with 50 other currencies what good is it? its even worse than the Brazilian currency. If the euro is so bad why does Blair want to damage this country by taking us in? The only man standing in the way of us going into the euro is Gordon Brown.

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