EU: The weak euro is good for European economy.

June 21, 2011 - PRLog -- EU: The weak euro  is good for European economy.
Finally the euro dropped versus the dollar as investors concern that Greece and  some European countries will have difficulty paying their debt and a drop in stocks curbed investors’ appetite for risk.  

U.S has kept the value of dollar low to boost its exports. This action worked in China, also.  

Albanian Minerals President  and CEO Sahit Muja have suggested that. "The weakening in the euro could actually be good for the economy in EU" .

The weaker euro will boost manufacturing production, which in turn will lift employment and all this will set in motion economic growth. It follows then that the euro devaluation is exactly what is needed to keep the European economy going".

"Gold, Oil, natural gas, copper and all other commodities are priced in dollars, a weaker dollar makes them more attractive to buyers worldwide.

This is now evident in the rising prices of oil, gold, copper and commodities.  
Sahit Muja said that "The EU made products in all sector will be more attractive in world's markets if euro dropped in the value. Also the Tourism industry will benefit from devaluation of euro.

European companies will export more and import less specially from US and Japan
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 economy in EU.

Albanian Minerals President Sahit Muja said  "Job markets will always fallow the largest exporters and low labor costs, last taxes and regulations".

Albanian Minerals President in New York Sahit Muja said "The Euro need to drop in value 1euro = 1 dollar"
Albanian Minerals
New York

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