'Cheap Euro' vs. 'Super Euro': Life on the Roller Coaster
After the euro was launched at $1.17, it rapidly fell against the dollar. With the euro around $0.84 in 2000, the continent was worried at the 'cheap euro.' Ignacio Ramonet, "The real price of the cheap euro," Le Monde diplomatique, October 2000. With euro up around $1.14 again in 2003, attention turned to laying blame for economic problems at the feet of the 'super euro.' Jack Ewing, "Beware the super euro," Business Week Online, May 19, 2003.