The euro ended Friday at $1.2755.
The euro ended 2002 a little below $1.03.
The euro ended the day at $1.4431, up slightly from $1.4370 Tuesday.
This is the way the euro ends — not with a bang but with bunga bunga.
That would surely mean that the euro ends up as a soft currency and possibly an unstable one.
"Euro ends year as world's worst performing major currency," noted The Financial Times, which also featured a spoof on Aristophanes: "The Euro Clouds," presented as a tragedy.
Ed Harrison has a good essay on how the world euro ends if the ECB doesn't step in on a massive scale.
Time for a fact check: The euro ended 2011 just below $1.30 and at 83.5 pence, up 38 percent against the dollar and up 30 percent against the pound compared with exchange rates of 94 cents and 64 pence a decade earlier.
The euro ended yesterday at 89.71 cents, just a bit above its record low, making the dollar worth 2,158 lire, 185.45 pesetas, 223.45 escudos, 2.18 marks, 7.31 francs and 2.46 guilders.
A gathering of finance ministers from the 17 countries that use the euro ended on Monday with a declaration suggesting that their bailout fund would be expanded and could be used to buy sovereign bonds from Greece and other deeply indebted countries.
