Why the Euro Does Not Stand a Chance
             For many years the United States has been the economic powerhouse of the world. The American economy has seen faster and larger growth when compared to any other industrialized nation. During national elections, one of the issues the media loves to discuss is how well the economy is doing, which candidate can create jobs, and which one can stimulate the economy better. However, there is very little that politicians can do to create jobs and stimulate the economy. When comparing the American economy to foreign economies there are many indicators to look for and watch. Foreign GDP growth, market stability, unemployment rate, imports and exports, inflation rate, and entrepreneurial growth are all excellent indicators to watch when comparing the American economy with foreign economies.
             Within the last thirty years however, the market has really enjoyed looking at currency rates and currency value has another indicator of economic strength. For years other nations currencies have been compared with the American Dollar in order to judge the value of that currency. For example, it would take approximately $1.30 to buy one Euro and one Dollar could buy 104.55 Yen. (Figures as of 3/16/05) This gives you an example of how investors judge economic stability. However, if one were only looking at these numbers one might think that Japan's economy is not that strong or not that big when in fact the opposite is true. Japan is a nation that enjoys excellent economic growth as well as a relatively high GDP and outstanding export figures. It does, however, have rampant inflation due to the governments over printing of the Yen.
             In the previous paragraph I briefly discussed the Euro. This is the relatively new and historic currency in most of Europe. The Euro has enjoyed favorable value since it's creation and adoption. On January 1, 1999, eleven countries in the European Economic a...