Thursday, April 29, 2010

Better prices on those souvenirs?

Reading this, this morning:

April 28 (Reuters) - The euro tumbled to a one-year low against the dollar and Asian stocks fell after downgrades of Greece and Portugal's credit ratings set off a flight to safety on fears the euro zone's debt problems were spreading.
http://www.guardian.co.uk/business/feedarticle/9050524

Currency converter tool: http://www.x-rates.com/calculator.html

However, the EU and IMF have agreed on some sort of bailout for Greece's financial woes, so maybe this slight "bump" for the dollar will be short lived. Hmm...

Sounds like Spain and Portugal are also have some financial struggles.

Any economic wizards out there who can add more to this?

bob
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