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The strength of the Euro is actually hurting the EU BIGTIME. Look at the rising levels of unemployment in some countries, and the P & L sheets of major EU exporters.....things are a mess over there right now, and there are several EU members that are screaming about how strong the Euro is.
You're absolutely right about the US being 35% off right now. That is what is driving such great export booms at the moment. (we will have to balance our debt payments out though)
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