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Euro - Is this the Beginning of the End?
Old 06-19-2011, 04:19 AM   #1
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Euro - Is this the Beginning of the End?

Interesting article. The weaker less competitive economies are in trouble.
It appears that the EuroZone countries were too eager to bring in the marginal countries in the beginning... now it is causing problems.

Taxpayers (voter) from the strong economies are not willing to pay more.

Restructuring is a euphemism for default.

I suppose an option could be to sell off Greek Assets to attack external private investors.... (e.g. Parthenon sold to Disney )

Gotta wonder if Greece will opt out of the EuroZone, default, and devalue their currency?

The euro crisis: A second wave | The Economist

Back during the debts of the crisis... I thought I read where the European Plan was not as comprehensive as the American Plan.... Am I wrong on that, or is that correct? Maybe all of the EuroDrama is just the final realization of a plan that was doomed to failure (not enough bailout money).

I suppose the Germans and French will work something out with Spain because it could drag them down.

Portugal, Ireland, and Greece may be asking to opt out of the currency provision of the EuroZone and revert back to their own currency.

What a mess!

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Old 06-19-2011, 06:22 AM   #2
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Mess indeed. Thanks for pointing out the article, the last paragraph is sobering...

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Old 06-19-2011, 08:16 AM   #3
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IMO Germans are getting their finance in order to stabilized their finances and will revert back to their own currency. Euros doom for failure and US$ will be world reserve currency. However, US needs to start raising interest rate to compensate for all the money Fed have printed. Otherwise, whole world economy will be back in tailspin.
The time to take counsel of your fears is before you make an important battle decision. Thatís the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead! Ė General George S. Patton
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