EU: Euro may drop in value to equal the U.S. dollar.

Dec. 14, 2011 - PRLog -- EU:  Euro may drop in value to equal the U.S. dollar.

The dollar rose to its highest level in almost a year versus the euro on deepening debt crisis.
The euro hovered near its lowest levels of the year on Wednesday, as an Italian bond auction showed the bloom continuing to fade from Europe’s latest crisis summit meeting and an economic report added to growing evidence that a recession in Europe is looming.

Albanian Minerals President Sahit Muja has suggested that the weakening euro dollar could actually be good for the European economy.

Albanian Minerals President Sahit Muja said "A weaker euro will boost manufacturing production, which in turn will lift employment and all this will set in motion economic growth
the euro devaluation is exactly what is needed to keep the European economy going".

Europe made products will be more attractive in global markets and European companies will export more and import less .
High costs of European products will have no chance to compete with Chinese,

American and Indian products and this will be a disaster for the European  economy .
Job markets will always follow the largest exporters and low labor costs, low taxes and regulations.

Albanian Minerals President in New York, Sahit Muja said "The euro needs to drop in the value of 1 euro to equal 1 dollar".
A weaker euro will turn European exports priced in euros less expensive in global markets, also tourism in European countries will increase.

European Union economy is the largest economy in the world and include this countries:

Austria, Belgium, Bulgaria, Cyprus, Ireland, Czech Republic
Denmark, Estonia, France Finland, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta,
Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
Albanian Minerals
New York

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe