Will the Euro survive the economic crisis?

[sasguru]

[suityou01]

short positions on the euro at an all time high. Most placed by Goldmans, naturally.

[AtW]

Yes it will survive, it's the sterling you should all be worried about considering most of you get paid in it anyway.

[suityou01]

Yes it will survive, it's the sterling you should all be worried about considering most of you get paid in it anyway.

SasGuru can always go back down the docks doing "favours" so he'll be ok.

[sasguru]

SasGuru can always go back down the docks doing "favours" so he'll be ok.

You'll be Ok too. Manufacturers of rubber sheeting and maternity pads could always use your ability to bed-wet at the drop of a hat for testing purposes.

Pffffffffffffsssssshhhhhhhhhhhhhhh.

[suityou01]

You'll be Ok too. Manufacturers of rubber sheeting and maternity pads could always use your ability to bed-wet at the drop of a hat for testing purposes.

Pffffffffffffsssssshhhhhhhhhhhhhhh.

It bit, excellent

[sasguru]

Yes it will survive, it's the sterling you should all be worried about considering most of you get paid in it anyway.

Will it? The Germans are already moaning about bailing out Greece.
By the time Portugal, Spain and Italy come round with their begging bowls they'll be gagging for the Deutsche Mark.

[AtW]

Will it? The Germans are already moaning about bailing out Greece.

Germans banks "invested" a fair bit into Greece, so they are bailing out themselves in the first place - just like what IMF was designed to do.

[suityou01]

Germans banks "invested" a fair bit into Greece, so they are bailing out themselves in the first place - just like what IMF was designed to do.

Goldmans

[sasguru]

Germans banks "invested" a fair bit into Greece, so they are bailing out themselves in the first place - just like what IMF was designed to do.

And Spain and Portugal and Italy?
At some point the German may decide to write off the Euro (and their wasted "investments") as a bad thing and re-introduce a new currency: the Deutche Mark.
Remember Germany has experience of the miraculous effects of introducing a new currency both after their hyperinflation and after the 2nd world war.