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Is The Euro Dead?

Posted by JacobSloan on May 21, 2010

euroSo sad to watch a dream die. The Telegraph’s Jeff Randall declares that the united-Europe currency is close to death:

What was once deemed unthinkable is now, I believe, inevitable: withdrawal from the eurozone of one or more of its member countries. At the bottom end, Greece and Portugal are favourites to be forced out through weakness. At the top end, proposals are already being floated in the Frankfurt press for a new “hard currency” zone, led by Germany, Austria and the Benelux countries. Either way, rich and poor are heading in opposite directions.

When asked on Sky if, in five years’ time, the euro will have the same make-up as it does today, Jeremy Stretch, a currency analyst at Rabobank, the Dutch financial services giant, told me: “I think it’s pretty unlikely.” The euro was a boom-time construct. In the biggest bust for 80 years, it is falling apart.

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  • DaddiNoBuckz

    So Long! I have a cousin who has lived in Germany her whole life. She brought over $180 Euro and cashed it in at the airport. $260 something dollars in exchange. Everyone says the dollar is dead but , if we had the countrys instead of states backing us, our dollar would be higher! se la've! They are gonna take it all from us anyways here soon! They are working hard on making us a universal monetary system for awhile. One thing we've learned from our government is they take there time. B.O.H.I.C.A. (Translation Bend Over Here It Comes Again!)

  • George Of TheJungle

    Just a minor correction… in French it is “c’est la vie” – literally “it is (c’est) the (la) life (vie)”, colloquially meaning “that’s life.” Just a little bit to prevent possible French ire.

  • George Of TheJungle

    Just a minor correction… in French it is “c'est la vie” – literally “it is (c'est) the (la) life (vie)”, colloquially meaning “that's life.” Just a little bit to prevent possible French ire.