Euro loses twenty percent of it's value in a year

in economy •  2 years ago 

Here's the graph:

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source

Cue the shitcoin jokes.

In all seriousness, it hasn't just fallen against the dollar, but against the Swiss franc, pound and the yen too. The European CentralBank has to start raising interest rates to defend the euro, otherwise they'll be importing inflation on top of their other problems.

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  ·  2 years ago  ·  

That's a big drop. European govts don't seem to be worried though.

  ·  2 years ago  ·  

I think they're very worried, but don't want to trigger public alarm.