Thursday, Apr 22, 2010
The euro could still have much further to fall
MoneyWeek: The euro could still have much further to fall
The IMF is in Greece to discuss the country's debt. But the bail-out won't end the euro's problems. As more of the eurozone's weaker countries demand hand-outs, the knock on effects could send the single currency spiralling down.
Posted by damien @ 03:36 PM (601 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. mountain goat said...
"Indeed, Joachim Fels at Morgan Stanley has suggested that the end result of all this could be that Germany leaves the euro. MoneyWeek magazine's editor-in-chief Merryn Somerset Webb wrote about this scenario a few months ago (Why Germany should dump the euro). Essentially, Fels argues that the costs to a weak country of leaving the euro are far too high. But "seceding to revalue and introduce a hard currency is easier."
That option makes the most sense to me.