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Euro

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AllBusiness News Staff
Analysts look ahead to the summer driving season and see bad news: gas prices that could hit $5 a gallon in some parts of the nation.
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Jonathan Farrington
So just how bad is it going to get?
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AllBusiness News Staff
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AllBusiness News Staff
Greece and Italy are taking steps to get their houses in fiscal order. But will it be enough to save the eurozone from a breakup?
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AllBusiness News Staff
A plan to forgive 50 percent of Greece's sovereign debt is likely to avert what could have turned into a global financial disaster.
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Ken Walker
Going into debt to go on vacation seems like a crazy thing to do -- especially when you can take some incredible trips for a lot less than you think.
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Ken Walker
The sinking dollar makes overseas business travel an expensive proposition. Here's a suggestion to keep it from getting even pricier than it needs to be.
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AllBusiness News Staff
Greece's ongoing debt saga will certainly impact U.S. small business, no matter how the story ends.
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AllBusiness News Staff
The Euro continues to flounder, and the U.S. Dollar is looking better. But a strong Dollar isn't necessarily the best way to fuel the economic recovery.
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Mike Kraus
A recent trip overseas highlights how manic retail in America has become
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By Carol Tice |  Filed In: Euro and Currencies
Savvy exporters and importers use currency hedging to protect their companies from the risk of changing currency values.
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Peter Suciu
The cost of doing business over the mobile Internet in Europe has just gotten cheaper
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By Diana Ransom |  Filed In: Charities and Philanthropy
With the U.S. economy sputtering, small-business owners are looking abroad.
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Plan and act to be certain your business will survive and thrive through economic hurdles ahead.
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Peter Suciu
Yahoo! is partnering with the Times Square Alliance in New York City to provide free Wi-Fi service to laptop and smartphone users
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Miranda Marquit
By  | Filed In: Air Fares and Airlines
European souvenirs, hotels and food cost less than they did a year ago, thanks to the chances in the exchange rate.
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Tim Devaney - Tom Stein
Not the kind of stimulus we were looking for.
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Ken Walker
The trouble is that often, the last thing a frequent traveler wants to do with his points and miles is to, well, travel! My wife has convinced me otherwise, however, and slowly; I’m...
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Text messaging is gaining popularity as an advertising medium because it is relatively inexpensive and allows businesses to reach out to highly targeted consumers. Should you get on the texting bandwagon?
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By  | Filed In: Manufacturing
There will be plenty of time to assign blame for the current economic crisis.down. What’s needed now is action.
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Business Glossary

Definitions for: Euro dollar
Euro dollar

common currency of 11 of the 15 European Economic Community countries, known as the European Monetary Union (EMU). EEC countries not participating as of the Euro's implementation date include Britain, Denmark, Sweden, and Greece. The Euro was implemented for noncash transactions on January 1, 1999, with notes and coins scheduled to go into circulation on July 1, 2002. The Euro dollar was developed to integrate and strengthen the EMU economies and to facilitate international commerce by coordinating economic policy, controlling inflation, streamlining trade, and eliminating exchange-rate risks. The EMU countries adopted a common economic policy but do not have a unified political policy or ideology. The EMU nations represent an economy worth $6.4 trillion in 1999 as compared to $7.8 trillion for the United States. The Euro is controlled by the European Central Bank (ECB), which sets interest rates and monetary policy. The Euro and the ECB were created by the 1992 Maastricht Treaty. During the transition period ending in July 2002, marketers will have to price and collect in both local currencies and the Euro. Eventually marketers will be able to do business in all 11 EMU countries without having to maintain separate prices, exchange rates, and credit card processing accounts for each country. The symbol of the Euro is a C with an equal sign through it (see illustration).

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