Originally posted by Viking
Was reading the local newspaper at lunch today and noticed that the USD is now only worth 5.7 Norwegian crowns. WTF I thought as I have never before seen the USD under 6 NOK, and only a couple of years ago the USD was worth more than 8 NOK. By comparison the Canadian Dollar is valued at 5.5 NOK. What's going on over there?
that's bad for the future of EU economy, Here in Canada the gov. raised the interes rates twice in last 6 weeks, and more to come, just to keep the CAD under USD, mortgages and other loas are more expensive
In most of EU the cost of living and unemplayement is higer, like in UK few years ago,comparing with US,
in US you can find a hotel room from 25-29$/night, decent dinner for 10$, pay 2-2.5$ for a galon of gas, i've seen new single houses for sale advertising for 100 000$ or less in Detroit,Dallas,Indianapolis, and lot more places, while lot more europeans are renting cuz can't aford to buy
high curency is colapsing the EU turism wich was a high % of economy in some places
if all goes soo well, why are EU goverments still charging you 4$ in taxes for a gallon of gas and most peoples have to drive those diesel disconfortable small lawnmowers ww polo, Pinto,peugeot106....,?