Eurozone economies and equity markets have been dominated by two themes: the performance of the euro...
Eurozone economies and equity markets have been dominated by two themes: the performance of the euro against most major currencies and the rise and fall of the technology, media and telecom sectors. The euro was unusually weak during 2000 and slipped below parity with the dollar in April. However, the ECB responded and raised interest rates from 2.5% to 4.75%. Early rises were directed at curtailing strong economic growth in the eurozone, while later increases were aimed at supporting the euro. More recently, with increasing worries over the US slowdown, the euro has found a base and ap...
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