Euro Hits Parity With U.S. Dollar for First Time in 20 Years - The New York Times

In recent months, pressure on the euro has been mounting while investors have been flocking to the U.S. dollar, a haven in times of economic upheaval.

But the weaker currency poses an extra headache for the European Central Bank, because it will add to the regions inflationary pressures by increasing the cost of imports. Central bankers say they do… [+1388 chars]

full article...