Aohell

Fall of the Euro?

The very fact that such a question could seriously be asked is indicative of how severe the current financial crisis is.

Truly, can the Euro area keep it together? Some European nations are suffering a collapse in their real estate markets. Others are not. One currency and one monetary policy simply can't cover both kinds of situations. It will reward one and beggar the other.

Either way, it's not good. And breaking up the Euro? That's not good either. In a world financial market searching for stability, the last thing it needs is the possibility of a stable currency, the Euro.

Here's hoping the Euro can make it, but I'm not optimistic...