Thursday, April 22, 2010

The euro could still have much further to fall

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 (1075 views)
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One thought on “The euro could still have much further to fall

  • mountain goat says:

    “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.

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