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No Market Alarm As Euro Survival Put At Only 1 In 5 Chance By C E B R


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http://uk.finance.yahoo.com/news/Euro-one-five-chance-survival-tele-1088587885.html?x=0

Euro has 'one in five chance' of survival, warns CEBR
Philip Aldrick, 16:47, Monday 13 December 2010
The chances of the euro surviving in its current form have been put at "one-in-five" by one of the UK's leading economics consultancies.
In a research paper published today, the Centre for Economics and Business Research (CEBR) claims that keeping "the euro alive will require cuts in living standards greater than the UK faced in the Second World War" for weaker eurozone members.
"There is no modern history of falling living standards in peacetime on the scale necessary to keep the euro in its current form. This is why I think there is at best a one-in-five chance that the euro will survive as it is," Douglas McWilliams, CEBR chief executive, said.

So an 80% chance of failure. Bit worse than one of the Muppets estimated a few days ago.

Is this the ultimate contra indicator which would trigger a buy on the Euro and Pound? Nothing like the liklihood of a collapse to spur confidence in a currency. :lol:

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