HG Ventures There is a silver lining as the Euro ventures against the dollar.
HG Ventures, the Euro has been losing ground against the dollar but this has had a positive effect in other areas of the economy which has been most welcome. German exports have seen a massive boost because of the weak Euro, this will in turn be a big boost to the economy which will spur a revival. HG Ventures, From the sidelines, it seems ironic: The United States may have been the epicenter of the financial collapse, but it is still luring investors to the "safe haven" of the dollar. This week investors have fled from the euro. But this has spurred export demand across the EU, which has been a welcome boost. HG Ventures, "History confirms that if the US enters recession first, it will be the first to emerge. ... The lack of European political coordination has not exactly helped and the ECB is known for its tendency towards too little too late." A leading European analyst stated, however the low Euro is making Europe the number one manufacturing destination, which high quality production at new all time low prices.
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