Eurozone inflation leads to 30% drop in Euro value

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Eurozone inflation leads to 30% drop in Euro value
 © FinancialMirror 2021

The buying power of one euro (1€) has depreciated by a whopping 30% between 2000 and 2020 from 1€ to 0.7€, according to data researched by Trading Platforms UK. This means that the same one Euro can’t pay for a similar amount of goods or services like in 2000.

During the 2008 financial crisis, the euro’s buying power had depreciated to 0.81€ and in 2009 the value remained the same.

The report cites inflation as the key contributing factor to the depreciation of the Euro’s buying power. However, the analysis highlights other contributing factors....


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Eurozone inflation leads to 30% drop in Euro value


The contents of this article including any associated images are © FinancialMirror 2021
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Article Tags: eurozone, inflation, leads, value,