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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
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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’s all part of the MASTERPLAN!
President Blair anyone?
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@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…
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