Agree with you Richard that a large Euro fall would be dire for many in Spain and other countries, maybe only the Brits in the UK and Americans would be beneficaries! It still wouldn’t induce me to buy property in Spain and Eurozone for a long while.
Why would a Euro devaluation be a problem for those in the Euro zone? I’m not disagreeing, just curious.
My own feeling was that it would probably be a good thing, making Exports more competitive, and imports more expensive. I would expect that this would help to control/reduce unemployment, and of course help those living on UK sourced funds.