[agere_contra]

This looks instead like a political decision intended to spare Gordon Brown and Alistair Darling’s blushes.

Agreed.

[Neidermeyer]

Could it be that the reported economic outperformance of the US by the EU over the last few years has it’s basis in funny numbers and easy money? The euro’s strength has been way above what a rational person would value it at when you compare buying power at the official exchange rates in many european cities ... I have heard stories of $15 coffees and such when paaying in US Dollars..