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Note 27 - Foreign Currency Transactions
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Foreign Currency Disclosure [Text Block]
27—FOREIGN
CURRENCY TRANSACTIONS
 
The Company generates a significant percentage of its revenues, and of its operating expenses, in currencies other than euro. The Company’s operating profitability could be materially adversely affected by large fluctuations in the rate of exchange between the euro and such other currencies. The Company engages in foreign exchange hedging activities when it deems necessary, but there can be
no
assurance that hedging activities will be offset by the impact of movements in exchange rates on the Company’s results of operations. As of
December 31, 2018,
there were
no
outstanding hedging instruments.