|The weakness of the Euro (and the strength of the U.S. dollar) is unfortunate for the Europeans. Citizens in the Eurozone appear to have a tough winter and a potentially deep recession to endure in the months ahead. We hope that doesn’t come to pass, but what is clear is that the Euro is in decline, which may, or may not, be transitory. |
Earlier this week, the Euro and U.S. dollar reached parity, and in fact, the Euro even dipped slightly below one U.S. dollar on Wednesday. Parity between the two major world currencies hasn’t happened in 20 years, and some analysts posit that the Euro has even further to fall.
The unfortunate decline of the Euro has a bright side for tourism, as U.S. travelers (and travelers from other nations) will find that despite Eurozone inflation, vacationing in Europe will come as a bargain when compared to prior years.
Yesterday, a Reuters news headline read, Americans in Paris splurge due to euro-dollar parity. While there’s no bad time to visit Europe, the months ahead appear to be an exceptionally good time to visit Europe. Go ahead, plan to stay a few days before and after your river cruises. There’s never been a better time to do so.