Lidové noviny - Czech Republic | Tuesday, July 15, 2008
Taking advantage of the euro exchange rate
The Belgian brewer InBev has bought out the American brewery Anheuser-Bush. The conservative newspaper Lidové noviny is surprised that more European firms have not crossed the Atlantic to profit from the advantageous euro-dollar exchange rate: "Tens of thousands of Europeans are taking advantage of the exchange rate and buying massively in the US. Foreign purchases over the Internet are already noticeably influencing American retail trade statistics. But European companies are far more reserved when it comes to buying up American firms. From this perspective InBev is an exception. Europeans are concentrating more on China, India and Brazil. But in so doing they are missing out on a once-in-a-lifetime chance."
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