I’ve been reading many articles and blogs over the last few days which have been vociferously pointing out the perils which face the EUR and why it’s almost certain to fall apart. My own opinion for what it’s worth is that a complete collapse of the EUR is highly unlikely but that some modification is certainly possible. The most obvious modification in my eyes would be that Greece, Ireland and possibly Portugal would leave the EUR and adopt their own more suitable monetary policies. If that were to happen, then you must ask yourself where would the EUR go? 1.10 or 1.60? I know which side I’d be betting on.