Rioting Greeks, angry Germans and why the euro may well collapse
Posted on Thursday, January 29th, 2009 | In Gold MarketsRioting Greeks, angry Germans and why the euro may well collapse
By Mary Ellen Synon
Last updated at 8:05 AM on 27th January 2009
Nothing to panic about: Jean-Claude Trichet insists the euro is not in trouble
The Brussels elite are pretending the question does not arise, but the financial world knows the question is there, hanging over the entire European Union economy: is the single European currency going to break apart?
One answer was given last week by the Swedish economist Gabriel Stein at Lombard Street Research: ‘Euro RIP – not yet, but not unthinkable. Why not? The grass might indeed be greener on the other side of the fence.’
Another answer was given by the hedge fund boss Hugh Hendry, founding partner of Eclectica Asset Management: ‘I fear it is becoming more likely that the euro will break up.’
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 About Alex Stanczyk (http://rapidtrends.com/blog)
Alex Stanczyk is the editor of Your Financial Future. Mr. Stanczyk has launched numerous businesses, acted as the CEO of a Publicly Traded US Company, and brings over 21 years of business experience to YFF. He has authored numerous articles, mentored hundreds in personal finance and wealth building, and spends at least 4 hours each day studying the global markets, drawing insight and conclusions from the flows of global commerce. As an Affiliate of Anglo Far East Bullion Company, Mr. Stanczyk specializes in teaching foundational principles of money, the gold market, and why gold has been a storehouse for wealth for thousands of years. |
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