Europe is doing well

Eurozone current account surplus was $US 6 billion in January 2012, its highest level since 2007.

I already talked about the euro being much stronger than the USD in this article. Looks like my predictions are coming true. The euro also surged 0.5% earlier. And yesterday it surged 1%. It's now almost back at ratio 1.33.

And it will continue going up in my opinion.

Euro VS US Dollar

There has been a lot of talk about Greece and how the euro is going to collapse. To debunk this myth, I want to give some statistics. This article is a thesis on why it's better to own the euro than the US dollar in my perspective. The only reason why the USD is so strong is because it's the reserve currency of the world. 

There are many reasons why a currency goes up or down. Following list gives the most important ones:

• Current account balance of the country
• Total national debt of the country
• Inflation rate
• Interest rate

To see this analysis, go to: Euro VS USD