Euro at a seven month low. Time to buy?
05 February 2010, 09:35 AM
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Euro at a seven month low. Time to buy?
For those going to a Eurozone country (like me) would it be worth buying a few Euros now? It's dipped against all currencies. It may go lower, then again it may go back up. Which seems unlikely with Greece's problems, and now it seems Portugal may have more of a financial issue than has been known.
That's the problem with the Euro, remove the two most important ways a country can manage its finances (interest rates and currency valuation) and they are pretty much stuck. The stronger members, like Germany and France are OK but they will be dragged down by the likes of Greece, Italy, Portugal and Spain. I still think it's a good thing we didnt join.
That's the problem with the Euro, remove the two most important ways a country can manage its finances (interest rates and currency valuation) and they are pretty much stuck. The stronger members, like Germany and France are OK but they will be dragged down by the likes of Greece, Italy, Portugal and Spain. I still think it's a good thing we didnt join.
05 February 2010, 01:00 PM
#3
When we could have joined, we would have gone in at €1.62 to the £. It's now at €1.13.
Had we joined, everything we bought from Euroland would have been cheaper than it is now, and given that we are a net IMPORTER, surely that would have been a good thing?
Had we joined, everything we bought from Euroland would have been cheaper than it is now, and given that we are a net IMPORTER, surely that would have been a good thing?
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