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The experts’ view on the euro’s future: it doesn’t have one

By   || February 4, 2012 at 12:21 GMT
|| 9 comments || Add comment

Leading economists and politicians issue stark warning over eurozone.

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9 Responses to “The experts’ view on the euro’s future: it doesn’t have one”

  1. JJ on February 4th, 2012 12:39 GMT

    Gerry, you’re so hardworking to be posting all these articles at this time :)

  2. jack on February 4th, 2012 12:44 GMT

    euro’s future / euros – ‘Don’t Stop Me Now’

    http://www.youtube.com/watch?v=HgzGwKwLmgM&feature=related

  3. Simon on February 4th, 2012 12:50 GMT
  4. jack on February 4th, 2012 13:22 GMT

    EUR/USD

    I’m burning through the skies Yeah!
    Two hundred degrees
    That’s why they call me Mister Fahrenheit
    I’m trav’ling at the speed of light
    I wanna make a supersonic man of you

    Don’t stop me now I’m having such a good time
    I’m having a ball don’t stop me now
    If you wanna have a good time just give me a call
    Don’t stop me now (‘Cause I’m having a good time)
    Don’t stop me now (Yes I’m having a good time)
    I don’t want to stop at all

    Oh oh oh oh oh EUR/USD explode like an atom bomb .

    La la laa la la la la la laaa hey!!….

  5. Gerry Davies on February 4th, 2012 13:22 GMT

    I am aren’t I JJ ;)

  6. michael hayes on February 4th, 2012 15:28 GMT

    I’m not buying into the EUR demise at all. Certain factors are being overlooked imho.
    1. EU was allways looking towards fiscal unification, this crisis is exactly what the politicians needed to bring the zone together. General Public are starting to get fed up with the whole story, and public criticism is starting to deminish, since people are starting to realise that the politicians are gonna do what they want regardless what the people feel, leading to an ideal scenario for politicians to execute their plans towards fiscal unity
    2. As opposed to the united states, the EU has the possibility, as it did recently to grow its economy by letting more countries be a part of the Eurozone. It will continue on this path of growth by economic/diplomatic pressure in neighbouring countries.
    These things are hardly ever spoken about especially the second one, and its a seriious factor to take into consideration when considering Euro zone scenarios, since also a lot of these countries in the first part of their membership, will have relative cheap labor paid for in a strong currency, which gives these coutries an advantage in doing business within the Eurozone, and outside of it, all leading to more rapid growth longterm than US will ever be able to realise in light of the lack of economic expansion of their currency.
    But oc thats just my opinion

  7. derek on February 4th, 2012 15:58 GMT

    Economists are useless and utterly confused. They don’t even understand the difference between the Eurozone and the Euro as a currency. These two are related but Eurozone countries having problems does not not automatically imply that the Euro has a problem. Imagine that gold would be the currency in the Eurozone. Would gold be in trouble now?
    And yes Gerry, you seem to work hard ;)

  8. vlad on February 4th, 2012 19:18 GMT

    who are the experts ??? for real.

  9. Tony on February 4th, 2012 21:45 GMT

    michael hayes – I see contrary to that. Solve the crisis and the Euro goes to 1.50 on the Dollar and near parity on the pound. Two things happen. 1. German exports take a hit. 2. Tourism in Spain and Greece and to a lesser extent Portugal drops further – with the new taxes adding a kick. These countries will then require further bailouts as their economies collapse further, the Germans will be in a far weaker position to help due to loss of exports. A balanced state of calm crisis is the only way forward a sit keeps German revenues up and thats all thats keeping the Euro alive today

    As for cheap labour within Europe, well it will have to be a lot cheaper than Asia to off set the EU anti business Green/Carbon taxes that have driven countless businesses to the Far East.

    I cannot see the EU dropping its anti business policies or damaging Asian imports in the light of Merkels trip to China this week with the Euro bailout begging bowl.

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