Having for the last decade worked for US companies the USD/Euro and USD/GBP exchange rates were crucial to European profitability. In 2001 we could not sell product at a margin that was sustainable to the business long term, as the Euro was worth only 85 US cents. The perceived salvation was to move production to [...]
http://www.loretlargent.info/crise/hold-on-to-gold-protect-your-wealth/2776/