Sunday, June 20, 2010

Bargain Europe?

With airfares in line with summer of 2009 and business class discounts on certain airlines, Europe looks like a relative bargain this summer thanks to the decline in the value of the euro versus the dollar. Last summer, the average exchange rate was 1 euro= $1.54. This year, the euro's rate has tumbled to around $1.23. The recession and belt tightening in Europe is creating additional opportunities for Americans to stretch their dollars further particularly in countries like Spain and Greece...

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