Want to Study in Europe? Now´s the Time!
April 17th, 2015 by Lette Berhe
For those U.S. citizens and permanent residents who have been thinking of studying abroad or enrolling directly in a European university, there´s good news for you! Over the past couple of months, the euro has been dropping in relation to the dollar; for the first time in about 12 years, it has fallen below $1.10. Why is this important? In terms of budgeting for your time abroad, the European Central Bank (ECB) has just helped you out. If you´ve been on the fence about whether or not now is the time to study in Europe – the answer is yes!
What is the European Central Bank?
In the United States, the entity that heads our monetary and financial system is the Federal Reserve. The European Central Bank, based in Frankfurt, Germany, plays the same role for all the countries that use the euro as their single currency. The countries that currently utilize the euro are the following: Read the rest of this entry »