heres the black swans take on Euro dump.....
Personally I cannot see the Euro enduring - I see at best a 2 tier version which is in effect is stronger countries in one currency Euro A and the losers in Tier 2 Euro B
dont ask me how it works as transition would be a logistical disaster, but at least it would recognise the big economic devides we see tearing the current Euro apart
thats best case......more probable is disenchanted countries leaving (or being asked to leave) and ressurecting their previous currencies (albeit very weak) which then allows them to rebuild their economies through currency weakness to the Euro and G8
and of course the constant threat of Germany walking away which in effect is creating the 2 Tier system - as only France and perhaps a couple of others would be deemed fit to be in Euro A anyway alongside the Germans........this pressure has been building since the day Germany started to absorb its eastern bloc brother.....and as the absorbtion has accelerated we now see Germany back up their in the premier league in terms of GDP and surpluses
suits me - either way we will have more currencies to trade !!
N