It takes a village to create a crisis.
A Greek village if you want to be specific. But Europe’s economic turmoil could mean big breaks for summer travelers. The euro, which was once almost as strong as the British Pound, is now at a four-year low compared to the dollar.
This morning, it had fallen all the way to $1.21, according to Reuters.
The fall has been attributed to the economic collapse of the Club Med nations of Greece and Spain, who have been acting like college students with shiny new credit cards.
While this might suggest the dollar has gotten stronger, that’s really not the case. It’s merely the euro has fallen to near dollar lows. So who’s the big winner in this economic turmoil? China.
Now, if we could only afford the $1,000 airfare to most European nations.
Wow, last year when we were in Europe it was around $1.40. I’m grabbing my bag now, let’s go!
We’re with you.