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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Wyätt Gwyön who wrote (38022)8/7/2005 2:12:59 PM
From: regli  Read Replies (1) of 110194
 
I don't think that the Euro will fall apart. I don't think it makes sense to judge from the vote on the constitution what will happen to the Euro.

I have no doubt that the most vocal people talking about leaving the Euro (i.e. Berlusconi) are privately deathly afraid of what it would mean. Do you think that Italy could issue 15 year bonds at 4% with the Lira? The impact to industry would be huge and Italy's industry is suffering already. Just look at how well Fiat is doing.

I think it is highly unlikely that anybody will leave the Eurozone and it is more likely that more will join it as it will be increasingly difficult to compete unless you are part of the Zone.

Here is a recent article that holds quite an opposite view to yours:

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