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There are two sides of the story on why the euro has hit a new 10-year low this week against Albania’s national currency, and one of them is worth ringing some alarm bells. As of Thursday, Europe’s single currency trades at 126.28 lek, having depreciated by about five percent compared to the mid-January peak level of 134 lek for this year. Compared to mid-2015, when the euro’s five year reign of about 140 lek came to an end, the euro is about nine percent lower. The short and mid-term negative impacts of this development on Albania’s economy are already undeniably…
