An economist at New York University predicts that over the next year the euro will continue to decline against the dollar, even descending below parity, and that this may save the Eurozone by helping the PIIGS countries become more competitive. He also suggests that Germany should expand spending and raise wages to stimulate demand within the Eurozone.
In other news, according to a recent survey, the majority of Britons associate Islam with terrorism. The foundation that commissioned the study is hoping to promote a better understanding within the UK of the peaceful nature of Islam.
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