An interesting note: The Euro, in midday European trading, hit a Euro/USD ratio of 1:$1.1571, which is below the original currency's pegged ratio -- 1:$1.1743 -- back in 1999.
The lowest valuation -- 1:$0.8252 -- occurred back in October 2000, so there's a significant amount of space for additional devaluation. Without any firm plans on stimulus measures by the ECB, and with an impending vote in Greece that could result in its exit from the Euro, we could be on our way towards reaching 1:1 parity, soon.
Time to apply for a passport (I let my previous one expire) I think.
(Well, unless Republicans manage to fuck the economy up again, and blame the Democrats for their screw up. See: U6 chart.)
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