By Faisal Humayun: When the Euro officially started to function as a currency in 1999, Milton Friedman had predicted that it might not survive the first major European economic recession. Looking back, the 17 European member states Euro had a relatively smooth run, until the recent financial crisis. With new problems resurfacing every now and then, this article attempts to analyze if the Euro can survive the crisis.
Echoing statements I have made many times, PIMCO says the single currency area must become a "United States of Europe" in order to secure its future.Please consider Eurozone can't survive in current form, says PIMCO.
The eurozone is doomed and cannot survive in its current form, regardless of what happens to Greece, a major new study shows.
New research demonstrates that members of the single European currency are becoming more economically divergent, making a single rate of interest increasingly unsuitable for the bloc.
Political, social and cultural differences will also make it increasingly hard for the euro members to share a currency. Eventually, the eurozone will have to either “integrate or disintegrate”, the analysis says.
Five years ago Ashoka Mody was an assistant director at the International Monetary Fund (IMF), responsible for some of the bailouts required during the euro crisis — but now he thinks it would be best if Germany left the eurozone.
BERLIN/PARIS (Reuters) - Nearly two thirds of Germans think their country would be better off without the euro and French support for the currency is slipping, although the French are much more reluctant to imagine life without it, two polls showed on Monday. Sixty five percent of Germans think they would be better off without the euro, according to a poll published by German newspaper Die Welt, reflecting growing unease in Europe's biggest economy at having to bankroll bailouts of troubled economies such as Greece. ...
Moment of Recognition
It appears a majority of German citizens have finally had enough of chancellor Angela Merkel saying one thing and doing another in regards to bailouts. They have also had enough had enough of Mario Draghi and his policies.