What are the implications of the establishment of the euro for (a) European consumers, (b) businesses based in the EU, and (c) businesses based elsewhere in the world?
1 answer
The euro has made things easier for European customers and businesses since most of them use this currency. At this time, U.S. businesses are suffering because the dollar is so weak compared with the euro. Businesses elsewhere in the world now must compete against the EU, rather than individual companies.