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Sun, May 18, 2003 - Page 11　News List

The depressed US dollar is causing pain for European exporters and wholesalers

BAD TIMING The weakness in the American currency couldn't have come at a worse time for the European economy, although most businessmen still have a few tricks up their sleeves to deal with currency fluctuations

AP , FRANKFURT

And many exporters compete not on price but on quality and image -- like Porsche's high-end sports cars and wine merchant Steifensand's estate-bottled wines that retail for up to US$30 a bottle.

"If something is trendy and it costs a few cents more," Steifensand said, "it's not a disaster."

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