Re: Re: Demise of the Euro closer? – Ignore this if it bores you


@mark wrote:

It all boils down to one simple question.

Are hard-working, thrifty Germans prepared to pay Greeks and others (Spain?) to live beyond their means for decades, if not generations to come?

If not, it’s hard to see how the Euro can survive in its present form.

What I’d like to know is, with all this going on, why is the Pound so low against the Euro? Might it be the markets think Cameron’s team are all hat and no cattle, or might the Pound be substantially under-valued?

Just heard on radio that sterling could be sliding to parity. Not far off now at 1.10! Tourist rate will be about 1.06.