Only a closer union can save the eurozone

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    • #55716
      Anonymous
      Participant

      Facinating piece in the FT about the future for the Eurozone.

      Let’s hope he is wrong, though I fear he is right.

      By Wolfgang Münchau

      Published: June 27 2010 19:52 | Last updated: June 27 2010 19:52

      I was speaking recently to a group of investors who forced me – all but at gunpoint – to tell them how long I thought the euro would last. I normally prefer conditional forecasts but, in this case, I was asked to make an unqualified prediction. And so I yielded. My answer was that the eurozone would probably not survive the decade in its current form. As it turned out, I was the most optimistic person in the room, by far.

      Read rest of article at FT: Only a closer union can save the eurozone

    • #99374
      Anonymous
      Participant

      On the Saturday of the first May Bank Holiday, we listened to a guy being interviewed by Jeremy Vine about currency/euro. (American I think) He was obviously well known for his financial predictions but I didn’t catch his name. He said the Euro would be non existant within 10 years.
      He is renowned for his accuracy in forcasting financial markets. I tried looking for the interview on the BBC website but failed to find it.
      Time will tell, whatever the pundits say.

    • #99383
      Anonymous
      Participant

      It’s all part of the MASTERPLAN!

      President Blair anyone?

    • #99386
      Anonymous
      Participant

      Claire, I think his name is something Ruben, Robbin or Robenio*, he was the one who predicted the credit crises. two or three years before the s..t hit the fan.

      * no I am not suffering from football over kill.

    • #99389
      Anonymous
      Participant

      Roubini.
      I think you mean Nouriel Roubini and yes he is credited with being one of the only people to have forseen the Meltdown.

    • #99390
      Anonymous
      Participant

      @Claire wrote:

      On the Saturday of the first May Bank Holiday, we listened to a guy being interviewed by Jeremy Vine about currency/euro. (American I think) He was obviously well known for his financial predictions but I didn’t catch his name. He said the Euro would be non existant within 10 years.
      He is renowned for his accuracy in forcasting financial markets. I tried looking for the interview on the BBC website but failed to find it.
      Time will tell, whatever the pundits say.

      It is called Nouriel Roubini and he was lucky…

    • #99391
      Anonymous
      Participant

      Thanks adian. I was close enough.

    • #99394
      Anonymous
      Participant

      Thanks guys! You are a fountain of knowledge. 🙂

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