Thursday, May 20, 2010
At last, the media are realising that the Euro was doomed to fail....
TimesOnline: Will the Euro Survive?
Angela Merkel, the German Chancellor, declared yesterday that “the euro is in danger”. She is surely right. It seems increasingly likely that the currency bloc will fracture or shrink, losing at least one of its sixteen members, although the gargantuan €750 billion international rescue this month has bought it time......
Posted by fjcruiser @ 07:13 AM (872 views) Add Comment
8 Comments
- 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. alan said...
Maybe Germany leaves and the Euro is renamed the drachma?
2. uncle tom said...
Significant that this is a Times leader article, without a byline..
..this can therefore be seen as representing the thoughts of king Rupert..
Across europe there seems to have been a sudden shift from the notion that the euro is a sacred thing that must be defended to the death, to one where every country is asking itself 'what has the euro done for us?' and 'what is it worth paying to preserve it?'
Yet it still doesn't seem to have dawned on The Times, and other commentators; just how easy it is for a country to exit the eurozone - and why should any country worry about enraging the ECB? What the ECB thinks after the event is irrelevant.
3. fjcruiser said...
More and more countries in the eurozone are starting to ask themselves what is actually the benefits asociated with being in the eurozone. Interesting times ahead.....
4. britishblue said...
I can see an nice cheap holiday coming up in Greece next year. Time to invest in small travel agencies that specialise in Greece.
5. uncle tom said...
Not sure about Greek travel agents, but I had dinner last night with three Portuguese businessmen..
..impending fire sale? - Who said that...?? ;)
6. techieman said...
UT - Nandos?
7. Crunchy said...
TimesOnline: Will the Euro Survive?
The euro ain't done yet. Watch out for next weeks euro up, up and away move.
Anyone would think that the greenback is was a sounder currency. LOL
LE CRUNCH.
8. This comment has been removed as it was found to be in breach of our Blog Policies.