Impact of the Euro Dollar on European Economy
Looking at the various benefits to be gained by Europe’s adoption of a single currency.
`The use of the Euro dollar will not only increase profits and market shares of businesses but also the costs associated with exchange-rate fluctuations. Instead of having to deal with 11 separate currencies, U.S. companies will only have to deal with one. One currency will also increase the efficiency of the European economy as a whole. The use of the Euro is expected to add a half percent to the growth rate of the European economy, which could make investing in Europe even more desirable for U.S. companies.`