The decline of the euro threatens U.S. recovery.

Keywords: dollar, euro, U.S., Louis Welsh, EADS, BOEING CO.

The United States, who profited from the weakness of the dollar against the euro, will have more difficulty selling their products on the Old Continent, so they want to double their exports in five years.

President Barack Obama has agreed with German Chancellor Angela Merkel, to make a "strong response" to the crisis of the euro. But his fall below 1.26 dollars Thursday, its lowest level since March 2009 (1.27 Friday), panic U.S. exporters. It may even make them forget the creation, announced Friday, 290,000 jobs between March and April, marking the return of the unemployed into the labor market.
Washington has always officially advocated a strong greenback. But in reality weakness of the dollar helped to sell its products easier abroad. This is what Louis Welsh, president of EADS and Boeing's biggest competitor with its Airbus, denounced as a "competitive advantage" that totaled a shortfall of "three billion euros in annual profit in three years .
The woes of Greece today change the situation. The decline of the euro raising prices of U.S. products exported to Europe. Conversely, it encourages manufacturers of the Old Continent who complain about the strength of the euro.
In fact, the euro's slide could cost Americans dearly. "Financial problems abroad still have the potential to result in a slowdown in U.S. exports," said Eric Rosengren, a leader of the Central Bank of the United States.

Crop margins:
Indeed, if growth in the U.S. economy is improving, it remains fragile. The GDP (Gross Domestic Product) of the country has increased by only 3.2% in the first quarter of this year against an increase of 5.6% for the previous quarter. Above all, U.S. exports to Europe fell 12% to 11.9 billion euros in January, while shopping on the European markets did not shrink by 2% to 14.7 billion euros.
The trend, while the problems of Greece is not quickly resolved, can only increase even as the U.S. President, Barack Obama wants to double exports to U.S. in the next five years. Its objective is to successfully create two million new jobs in his country and bring down the unemployment rate which currently affects 9.9% of the population.
"U.S. companies have in this moment of good margins," an economist at temporizes IHS Global Insight, who thinks they have also the means to offer services that can maintain their competitiveness.
The United States can also be turned to Asia to offset the decline of the euro. But for many entrepreneurs the only solution is to trim their margins.