Cheesebuyers Hold their Breath as the Euro Staggers
NPR has some perspective on how the stumbling Eurozone economy is impacts the US. One way? The paycheck of a Murray's cheese buyer:
Aaron Foster's bonus depends on how cheaply he can buy cheese from Europe. And the price of that cheese is driven largely by the strength (or weakness) of the euro. Through his cheese deals, Foster essentially trades in global currency markets. When he buys cheese from Europe, he doesn't pay for it in dollars. He has to pay in euros....
In normal times, the exchange rate from dollars to euros is pretty steady. But these days, because of the sovereign debt crisis over there, the exchange rate is jumping all over the place.
Cheesebuyers Hold their Breath as the Euro Staggers
