Sunday, January 1, 2012

Will the Euro survive?

Jim Rogers : Let's hope it does and then Spain will not go bankrupt. Within ten years I don´t expect the euro to disappear because of elections and everybody´s going to try to keep things together. But certainly by the end of the decade, I do not expect to see the euro, certainly not in the actual form. But too many political problems, too many economic problems for it to survive as we know it and it may just disappear entirely. - in El Economista

4 comments:

  1. aibersJanuary 1, 2012 at 4:14 PM

    Why the hell should it survive, since it was designed to bring the EU on its knees? I can't find a uggly word enough to describe my disappointment!

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  2. aibersJanuary 1, 2012 at 4:14 PM

    FU!

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  3. . ,January 2, 2012 at 12:35 PM

    Was there not more elasticity and resilience in Europe prior to the Euro. I can recall closing deals where the negotiation often centered on the payment currency along with a risk contingency for conversion. It (EU) was a more open market and competitive environment in the late 80's and early 90's. Political and economic problems were a sovereign issue not to be a burden of all the member nations.

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  4. AnonymousJanuary 2, 2012 at 3:07 PM

    NO PAPER "MONEY" is going to survive. Closer to 10 months than ten years.

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