The Eurozone crisis and the concerns raised lately that these could be
Euro’s last days are plunging the European currency in the international
markets.
This Friday, Euro reached the lowest point towards the Dollar, a tendency that is continuing for four weeks.
1 Euro is being exchanged with 1.32 USD, from 1.42m and this tendency has also been reflected in the Albanian market.
According to bank of Albania, the Euro has been weakened towards the Euro with 1.1%. The data show that it has been weakened almost each day.
Euro is being currently exchanged with 140.05 ALL, when at the beginning of the month it was sold with 141.65 ALL.
The trust at the European currency is having serious damages, due to the recent events in the Eurozone, where the crisis keeps going deeper.
Insecurity is high, creating an economic nightmare while the EU and member countries are not being able to find a final solution to the crisis.
Germany’s hesitation and the divisions between the member countries have deteriorated the crisis beyond the most pessimistic predictions, to the point that the entire existence of the EU is being put into question.
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