Fears for jobs over rising euro

THOUSANDS of jobs will be lost if the euro continues to maintain its dramatic rise against the dollar, a leading economist warned last night.

Chief economist with Bank of Ireland Group, Dan McLaughlin, issued the warning as the euro edged towards its flotation price against the US dollar of $1.17.

Two years ago the euro was worth only $0.83 and could hit $1.25 in the weeks ahead US analysts said.