After 20 years, 1 USD equals 1 €. 👉 The euro-dollar parity means not only cheaper holidays for Americans, but will also have macroeconomic consequences and implications for crypto.
Paris, Rome and Amsterdam will get a lot more business from overseas!
The euro-dollar parity means not only cheaper holidays for Americans, but will also have macroeconomic consequences and implications for crypto. In this article, we are going to look at:three factors explaining this development.What this means for crypto:Join us in showcasing the cryptocurrency revolution, one newsletter at a time.
Governments, like consumers and companies, finance spending with debt. Modern economic theory says totheory doesn't square up with reality . Government debt has been rising quite a bit in the last decades. Below, you see a comparison of debt-to-GDP for the euro area and the U.S.:Eurozone countries were a bit more prudent with their finances than Americans before COVID, but that went out the window with the pandemic.More debt → more money spent on interest rate payments → less money for other things. Since governments are profligate, they can either save to reduce debt or take on new debt.
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