Ken I don't see the Euro going, their might be less countries in it in a few years time.
Germany, France, Holland and Luxembourg will carry on trading in Euro's no matter what happens as it saves the countries millions a year in financial transactions.
From what I read most of the Greek citizens still want the Euro, Just not the Austerity measures that have been enforced on them due to their overspending. I suspect the Greek debt will be re-structured again at some point over the next few months, or we might even see a default.
From what I read on the internet and listen to on the news it sounds like Greece will be worse off in the long run if it comes out of the Euro. Yes the currency will devalue and they will then suffer chronic inflation but the cost of borrowing will be astronomic as they will not have any way to underwrite it.
The hatred for the Euro seams very British. I often think it's down to the people who actually run this county (media barons and financial bigwigs who bankroll the political parties).
I know I am in the minority in the UK as I am a fan of the Euro. But it makes sense for all European countries to trade in one currency as it saves billions a year financial transaction charges. The way the Euro was implemented was not tidy and letting countries stray off from the monetary guidelines that were put in place was wrong.
If Greece comes out of the Euro I am not sure how much off a run there will be on the Euro as the financial institution know they cannot bleed much more money out of the system as it's all gone.
Basically what I am trying to say in a roundabout way is financial institutions are not a fan of the Euro as they loose billions a year as they cannot make money on currency transactions and currency speculation. Surely that's a good thing?
