Euro Hits 2-Year High Against Dollar

Associated Press ^ | 20 June 2002 | DAVID McHUGH

[walden]

Thanks, you have added to my understanding of this stuff. I'm an accountant, not an economist, so the advent of the euro (except for my sentimental respect for the British pound, and before the euro, the German DM) had always seemed to me to be a good idea-- at least until I finished Margaret Thatcher's new book "Statecraft". Highly recommended! I don't pretend to really understand this stuff, but she makes a lot of sense.

[Salman]

The HQ of the EU is in Brussels (capital of Belgium). That does not mean that the EU is controlled by Belgians. The EU is controlled by

"'Tis a fine old conflict let each stand in its place
The international bureaucrat will be the Human Race."

[Salman]

I think that the "euro" european central banking is being done from Frankfurt am Main.

You are right. The Bank of Frankfurt is to the Euro what the Federal Reserve Bank (a private bank BTW) is to the US dollar.

[Salman]

This graph also would be more honest and less dramatic if properly zero based.

[the]

I agree on the drama, but using a computer screen of limited resolution, I think that a non-zero Y-axis graph provides a lot more detail, and can be more informative.