Euro Threatened with 2007 Meltdown, as French Economy Slumps

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The resurgent strength of the euro in the international currency market could, ironically, be the agent of its demise in 2007. Problems caused by the lack of fiscal maneuverability that the “one-currency-fits-all” approach imposes saw Italy considering a return to the lira just last year. But in October, when French car manufacturing output dropped to 14 percent for the year, with the country’s monthly trade deficit running at a staggering $2.7 billion, and economic growth shuddering to a standstill, it left one of the EU’s biggest guns warning of possible withdrawal — a move which would signal the end for […]

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