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How High is the Euro, papa?

$ 1.34 and rising.

I think the currency movements could end up becoming the most important story of the year, but I don't have any clear idea exactly what the consequences will be, and who will be affected most.
Actually, I have some idea, but this 'flu is playing hob with my willingness to shoot my mouth off, so I'll save it for a future update. And by now you should know what that means: I will forget about it completely.
Update: The Economist is making some sense of the matter.

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This page contains a single entry from the blog posted on December 6, 2004 5:36 PM.

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