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| SMALL BUSINESS TRENDS brings you daily updates on trends that influence the global small business market. | ||
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Anita Campbell, Editor |
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| Past life: CEO, corporate executive, tech entrepreneur, retailer, general counsel, marketer, HR ... (more) | ||
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Small Business Trends Radio Tuesdays, 1:00 PM Eastern U.S. time on Voice America network Click to listen November 1st: Torsten Jacobi, CEO of Creative Weblogging, joins host Anita Campbell. Sponsored by Six Disciplines. Show details. |
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Saturday, December 04, 2004 | |
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Weak Dollar Hits European Small Businesses Hard | |
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Last week I wrote about the weak dollar and whether it helps or hurts U.S. small businesses (answer: it all depends).
Here is another side to the story. A New York Times article by Mark Landler profiles the disastrous impact the dollar's fall is having on European small businesses that export to the United States: "To get a sense of how fast the falling dollar can ruin a European businessman's day, talk to Udo Pfeiffer, the chief executive of a small German machinery maker in the industrial Ruhr Valley.Small family businesses that don't have the resources to do currency hedging have been hit especially hard. Read the whole article here. |
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