Drug traffickers now join rappers and models who have been ditching the dollar for the more exquisite euro.
White House drug officials announced this week that cocaine is being rerouted from the US and heading through Venezuela to West Africa eventually reaching its final destination — Europe.
With such a weak dollar, drug dealers have more to make by hustling in the Old World. Meanwhile, reports of cocaine use are up in Europe, and down in the US. Sounds like there will be some major blowouts in the discothèques this summer.
Of course drug enforcement officials credit the US war on drugs. Bush's drug policy director says successful control of US-bound routes in Mexico and Columbia are squeezing suppliers into Venezuela. The US alleges that Venezuela, a political adversary, acts as a cocaine safe haven, and is doing nothing to stop the drug trade.
Can Europe be more successful in convincing Venezuela to come down hard on the drug trade? Is a drop in cocaine use a benefit of a weak dollar and economy in general?