MORE PROOF THAT THE "WEAK" DOLLAR IS GOOD FOR THE USA: INCREASED EURO = INCREASED EURO JOBS-LOSS FEARS

BBC: Jobs fears as euro gets stronger

More cuts may have to be made at Airbus if the euro continues to remain strong against the dollar, an executive at the European planemaker has warned.

Chief operating officer Fabrice Bregier told French radio station BFM a further 1bn euros may need to be added to a savings plan based on a $1.35 euro.

On Friday the euro hit a fresh record high against the dollar of $1.4120.

New projects threatened

European industrialists are concerned that the euro's rise is hurting exports and could lead to job cuts in European manufacturing.

• THE WEAK DOLLAR IS OFTEN TOUTED BY THE ANTI-TRADE CROWD AS PROOF THAT WE ARE SLIPPING DUE TO OUR "TRADE DEFICIT."
• THIS IS BS.
• EARLIER POST ON THE "WEAK" DOLLAR HERE.
• EARLIER POST ON WHY "TRADE DEFICITS" ARE BOGUS HERE.