Now Is a Great Time to Go to Europe

This article was originally posted on RealClearWorld.

My wife and I travel to Europe about every eight months. (Photographs? I thought you’d never ask!) In order to minimize costs, we closely monitor exchange rates, preferring to book trips when the rate is favorable.

Currently, 1 U.S. dollar purchases 0.89 euros. The exchange rate hasn’t been this good for American travelers since September 2003. (See chart.)

It’s raining euros, hallelujah! (Credit: European Central Bank)

The good news (for Americans travelers and European exporters, but not necessarily anybody else) is that the euro is expected to keep falling. In fact, The Economist predicts that the U.S. dollar may reach parity with the euro sometime this year. That hasn’t happened since November 2002.

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These 3 Big Elections May Determine Europe’s Fate

On January 1, Lithuania became the newest member of the Eurozone, joining a club of eighteen other nations in a currency union that has troubled Europe’s economy for the past several years. Unfortunately, the celebration over Lithuanian membership will be short lived, because 2015 will prove to be a turbulent year. Indeed, three important elections pose an existential threat to the European Union as we know it. Read the rest at The National Interest.