European Union: Euro needs to drop in value to equal the U.S. dollar

Sept. 10, 2011 - PRLog -- European Union: Euro  needs to drop in value to equal the U.S. dollar.
The dollar rose to its highest level in almost six-months versus the euro on speculation, the European Central Bank will cut interest rates amid slowing global growth and a deepening debt crisis.

Albanian Minerals President Sahit Muja has suggested that the weakening in the US dollar could actually be good for the U.S 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.
It follows then that the euro devaluation is exactly what is needed to keep the European economy going".  


Albanian Minerals President Sahit Muja said "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 other commodities.
Recent gains in oil prices  will result in higher prices for iron ore, chrome ore, ferrochrome and cooking coal. Steel prices will also increase.

Albanian Minerals estimates, prices of gold, copper, oil, steel and metals to increase on account of increasing global demand.
Global economy is expected to grow by five percent in 2011, this growth will boost gold, oil, copper, steel, commodities and metal prices.  

Europe made products in all sectors that  will be more attractive in world markets.
European companies will export more and import less specially from China

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.
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