Calling All Passengers

Are visions of sipping wine in Provence clouding your thoughts at work? Cave in to them. The weakening euro makes Europe a relative summer bargain. Since its 1999 debut, the euro has lost almost 25% of its value with respect to the dollar. For U.S. manufacturers that export, that's not good, but for tourists it's a boon. The currencies of 11 European countries are tied to the euro, so their values have fallen in kind. In France $1 is worth 6.9 francs this month, versus 6.3 last year. That means a Paris hotel room, regularly $200 a night, now runs about $181. In Italy the dollar buys a hefty 2,038 lira, up 9.2% over last year. Buon giorno, Florence! Even getting across the pond is a bit cheaper. Summer airfares to Europe are down 5% from '99, according to the American Express International Airfare Index.

--By Anamaria Wilson

Quotes of the Day »

Get & Share
GREGG KEESLING on reports that he received a call from an Army official saying he wasn't eligible to receive a condolence letter from President Obama because his son committed suicide, rather than dying in action
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
PETER COSANDEY, a former Zurich prosecutor, after a Swiss court granted director Roman Polanksi $4.5 million bail to move from a Swiss jail to house arrest

Stay Connected with TIME.com