Is New York City A Future Member of the European Union?
Is New York the next unofficial member of the European Union? Or is this just a sign of the ever-sinking U.S. dollar? Reports surfaced recently of several New York City retailers accepting Euros as a form of payment. The shop owners cited the huge influx of European tourists visiting the United States to take advantage of the favorable exchange rate.
American retailers along the U.S.-Mexican border have long been accepting Mexican Pesos as a form of payment. Even more U.S. retailers along the U.S.-Canada border accept Canadian Dollars. But this is the first time an increasing number of U.S. retailers have accepted a currency that is based an ocean away.
Some say that this is just a savvy marketing campaign to lure foreign travelers. While others suggest it may mark the beginning of a dual-currency economy and perhaps even the end of our beloved greenback. _________________________________________________________________
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[...] * The New York City Traveler asks, “Is NYC a future member of the European Union?”. [...]
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