What are the prospects of the Euro collapsing in the next few years?
I want to move to Europe, but I want to wait until the exchange rate is more favorable. I don't see the US dollar gaining much value. What would have to happen for the Euro to collapse?
Public Comments
- Pigs forming there own Airline The Euro willover take the Dollar as the worlds trading currency. The U$ now known as the Mickey Mouse, has had its day.
- It it less likely than the total collapse of the U.S. dollar
- Are you serious: see- Euro Has Biggest Weekly Decline Since June 2006 Against Dollar feb 8 2008 Bloomberg. It is possible there will be a relative slump now in EU values. It isn't the real economy, its the markets and perception that is an important indicator here... as was noted in the early 2000s growth was v. slow in the EURO zone http://www.iie.com/publications/papers/mussa0405.pdf Perhaps for the Euro to continue to massively lose value your best bet is some extreme failings in the Euopean financial regulation, a cycle of mistakes and over-corrections that affect the value of the currency via confidence in their strength...
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