Monday, April 23, 2007

Perspective: As dollar drops, Europe-based soldiers adjust

The euro’s up, the dollar’s down, but soldiers’ spending habits are more or less the same.

Even last month’s announcement that the cost-of-living allowance given to U.S. troops in Germany will begin a major slide May 1 has done little to change how much they’re willing to spend off post in the country — at least in dollars.

But the weakening exchange rate has cut into the amount of goods and services troops can buy off base.

Read the rest at Stars and Stripes