LESS ECONOMIC PROSPECTS IN THE EURO-ZONE, DESPITE ITS CURRENCY INCREASING VALUE IN THE WORLD MARKETS.

Despite euro's increasing value and purchase power against the world's major currencies which entailed the American dollar, European major economies have emphasized less economic and financial prospects in the current and in the near future in mostly the European Union zone, due to weaker economic performance of the member nations within the European Union that remains the Union's concern in regard to the required competitiveness as well as the the currency stability. The Euro has closed today at the value of $1.4157 in the world markets. However, both the market's and the economic performance in the Euro-zone, when combined has substantially declined, when compared to the previous week. The effect of the negative European economic prospects, due to debt, inflation, or recession on the monetary precious metal and crude oil has not been much . Oil price remained at $99.45 and the gold price has been just over $1502.00 in the world markets.