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Exchange Rates Affect Holiday Plans
It's summer time, and summer time for many people is holiday time.
But the weakness of the US dollar and British pound could influence where Americans and the British take their holidays this year.
US Banks Hit Euro Tax Havens
Despite banks in the US cutting interest rates to stave off a recession, confidence levels are low and are being felt as far away as the tax havens in Europe.
Credit Squeeze Reaches Tax Havens
Financial markets worldwide are rocking and mortgage companies in the US and Europe are tightening up who they lend to.
The credit squeeze is even impacting on steady tax havens like Andorra.
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