Euro going down, will reduce GOOG's Earns. somewhat
Does anyone remember how the Weak Euro a year ago was responsible for GOOG's Earns. MISS?
But since then the last 2 quarters the Euros been strong and it translated back into higher GOOG profits. But now the Euro is WEAK again... and may get weaker still due to the CYPRUS situation. GOOG does more ad-sales in Europe than USA. Be careful.
Although CYPRUS won't be as bad for Euroland as some think. A solution will be found, with all those tons of Natural Gas in the under Mediteranean Sea around CYPRUS. Either British, Russian or German oil companies will trade Cyprus $$BBILLIONS for such, to bail out Cyprus. Cyprus owns all that Natural Gas and Oil