Saturday 24 December 2011

All the talk about end of the Euro rings very false

Fact is that the Euro has been too strong for too long. It is its success rather than its failure that has been its undoing. What region can go on and on with an overvalued currency. Fact is, a drop in the Euro is what is needed rather than a breakup.

A strong Euro value expectation led and to overborrowing. A weaker Euro would be very good and a very natural outcome of excessive strength. The real problem remains with the glut of US dollars that bid up the Euro and brought so many bad sources of credit to Europe.

No! The dollar not the Euro remains the main problem if not seen as the issue of the day. Don't take your eyes off dollar weakness and the lack of soundness that remains within the US economy.

Why Germany's grumbling over the debt crisis rings a little false - The Globe and Mail

http://www.theglobeandmail.com/report-on-business/commentary/eric-reguly/why-germanys-grumbling-over-the-debt-crisis-rings-a-little-false/article2282460/


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