"So Europe's a big driver. And at one point, if the euro hadn't devalued, they would have been making as much money as the US with half the stores. Returns were higher"
- Jim Cantalupo
About this Quote
In this quote, Jim Cantalupo is going over the effect of the euro's decline on Europe's economy. He points out that Europe is a major driving force in the international market and that if the euro had actually not cheapened, they would have had the ability to generate the exact same amount of earnings as the US, despite having only half the number of stores. This recommends that the euro's decline had a considerable influence on Europe's financial efficiency. Cantalupo likewise keeps in mind that the rois in Europe were higher, suggesting that the decline may have had some favorable results on the region's economy. In general, this quote highlights the significance of currency worths in the global market and how they can significantly influence a country's economic success.
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