Will The Euro Last?
I would like to draw your attention to this post at Financial Sense.
I think the post itself is pretty self-explanatory.
The reason for posting is simply that I have been a questioner of the Euro for many years. Politically, it was a masterstroke. Pure genius. But economically, it has always seemed like a flawed idea to me - why (for example) Ireland, Latvia and Germany might need the same interest rate policy still isn’t clear to me after all this time, and I have been able to ask some very knowledgeable people that really ought to know the answer.
But despite my confusion as to it’s strength and validity, I don’t remember seeing anyone predict that the euro would ‘blow up’ probably within one month. Time will tell if this is correct. I would presume not, most things take longer than might be imagined. But who knows?
What do you think? Can the Euro survive Greece? If it does, can it survive Portugal, Ireland and Spain as well?