Originally posted by Slumdog
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Yes, Germany and France are solid, stable countries (by comparison) but they have lumped their lot in with the PIGS and the internation currency speculators value the whole.
If (figuratively) Germany is worth 10 and France 8, but Spain -3, Portugal -5, Ireland -7 and Greece -9 the total would be -6. Simplistic I appreciate, but just getting the point across that regardless of the relative strength of Germany, by being associated with the "less-stable" countries of Euroland the Euro as a whole could come down.
Course, comparitivly it may still be better value than the £, what do I know.....!!
Perhaps you could open a Yen account and transfer your cash there?? Or Brazil / India or any other surging economy hoping to benefit from a strengthening currency....!
Or, you could do what I did and just transfer it to UK Plc and carry on regardless.
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