Kill Euroland Economy, me thinks not. Do you get it, if they become the new reserve currency for those in control of the energy - the pheonix will rise!
-Airbus just killed Boeing in a deal with Dubui, they will sell less to US and more to others.
-A currency gaining strength attracts foreign capital. A weakening currency repels foreign investment
-Germany is a manufacuturing powerhouse, most Europeans buy German, China, Swiss (another manufacturing powerhouse) or Euro manufactured products. The dollar means dick to those purchases.
-Swiss, the banking powerhouse, smack in the middle of it all
-The infrastructure in energy (France 75% of electricity is nuclear, wind farms and solar farms going up everywhere, transportation is state of the art. You can jump on a train and get anywhere in Europe. Try that stateside!
-Most pensions are fully funded, real estate loans are solid - the system is so much different than US and most have solid equity built into their property.
-Many own second homes debt free, there is an attitude of trust in having money in 'stone' as they say.
-Europeans mostly live in 1200 Sq Ft or less, (with one toilet), they do not need to consume much.
-Most towns have weekly markets where local produce is sold, they still have an infrastructure based around the community.
-Europe is at the back door of cheap labor as the Eastern Flanks open up and create new consumers.
-Russia is in their backdoor with massive energy supplies.
I could go on, but no need.
Not to say they do not have their problems, we all do. They also need to rein in debt spending......no doubt. What I am saying is a stong Euro will only make them stronger, attract investment and increase their standard of living.
On the other front, a failing currency does just the opposite, capital flees, living standards drop, investment declines..........get it.
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