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Title: Better Euro currency rates for EU Exports Post by: Horizon on June 05, 2010, 10:51:37 AM Euro currency rates found anew much better levels for EU Exports, returning back to where they were before French President Sarkozy had denounced, in 2007, an excessively high Euro rate which had provoked in the past a 1 Billion € losses per year to Airbus, launching a call for ECB to allow a change. (http://www.boursorama.com/includes/news/attachement_news.phtml?num=2ed45b52515f65428f6b23b6ac50f206&num_photo=2) Thus, today, (6/2010), French Prime Minister Fillon said that these Euro's lower rates were "Good News" due to boost EuroZone's Exports. Air-Space High Tech business EADS's chief, Gallois, already welcomed exports' gains recently due to more logical Euro rates. While new US President Obama has apparently tabled for a double-track approach trying to push both Investment and Consumers' Internal Demand, on the contrary, EuroZone's Franco-German core, with President Sarkozy and Chancelor Merkel, while safeguarding an elementary social protection, have resolutely focused on High Tech Investment to boost Innovation and EU's Exports Worldwide. |