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The decline in the value of Europe's currency Euro is proving to be a mixed blessing. The German economy in particular is booming with rising exports in everything from heavy industry to hotels and service providers. The French economy is experiencing a similar phenomenon with a special emphasis on defense products. However, the European Central Bank has issued its starkest warning yet that the value of the Euro will decrease by at least 3 percent over the next six months; hence its intervention to control the depreciation of Euro will become vital.
The European Central Bank assumes that ...