EU faces permanent loss of output

The Financial Times ^ | 7/2/2009 | Tony Barber in Stockholm

[Munz]

I think it is comparative to the dollar.
we are just falling that much faster

[hedgetrimmer]

“The crisis is the equivalent of capital destruction, reducing – at least for a time – the productive potential of the economy, AKA “free trade”. The US is next on your agenda.

In the meantime China is implementing a ‘buy Chinese’ campaign. The WTO will throw the book at them, NOT.

[bruinbirdman]

"So, I am curious: why does the Euro remain so high? "

Because there are so few of them and they are extremely hard to come by.

yitbos