Euro Falls Below Dollar Parity As Anti-Russia Sanctions Cripple Germany's Economy

Chris Menahan
Jul. 14, 2022

Destroying your own economy to own the Russkies.

From CBS News, "The euro is worth less than the dollar for the first time in 20 years":
The euro has fallen below the U.S. dollar in value for the first time in 20 years, with the Eurozone currency slipping a few hundredths of a cent below the U.S. dollar on Wednesday afternoon.

The euro fell as low as $0.9998 against the dollar on Wednesday, according to Reuters and Bloomberg. The European currency is down 19% from this time last year, and has fallen precipitously from its 2008 peak, when it was worth $1.60.

"Today what we're seeing is that a dollar can buy more euros than it has been able to essentially since the euro launched," Hayley Berg, lead economist at travel booking app Hopper, told the Associated Press.
Meanwhile, the ruble has been the strongest performing currency of the year and emergency measures had to be taken to cool it off.

Gazprom said Wednesday they couldn't guarantee Nord Stream 1 will continue to operate due to sanctions.

Germany's top union official warned earlier this month that "entire industries are in danger of permanently collapsing" if Russian gas is cut off.

Nonetheless, German officials are committed to crashing their economy in order to save the "Liberal World Order."

This is the third World War where Germany is being defeated.

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