Are Blanket Currencies A Solution ?....Maybe Not....EURO ?

[libertad]

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3SIOdqSGOtE&pos=5


Countries are indigenous to their kind.....as are their issues....

The telling sign of success/failure of a blanket currency is when severe financial problems requiring "bailouts by their peers arise"....

So....is the EURO going to work out ?

The implications for the US currency ?

Lessons learned ?

 

[Debaser82]

Milton Friedman said the Euro wouldnt survive it's first crisis.

I'm sure a lot of Dollar bulls here would agree.

Stress between Western Europe and the rest is high but is there a breaking point somewhere and where?

Who knows.

 

[Martinghoul]

For the record, I am a Euro-optimist...

 

[Ivanovich]

This is rather massive news - not sure I agree with it, but I would have expected it from Evans-Pritchard.

A small bloomberg clip that doesn't seem to be carrying any weight elsewhere - especially in EUR/USD at the moment.

Bring back the Drachma.

 

[Illum]

Ireland is in a heap of trouble They talked about this possibility last year, except they also included Spain as having to leave.