The Death Of The EURO

China
November 30, 2010 5:55am CST
Europe's debt crisis has not been contained by Ireland's bailout is putting pressure on other fiscally weak countries. EURO IS OVER.
1 response
@livecenter (1136)
• Malaysia
30 Nov 10
As I learned in my economic class, euro is falling because of the unequal distribution of Europe's wealth. Germany prefers using Euro because it will eventually helps in their industry as there is no foreign exchange involved and they benefit as they loses money when exchanging foreign currency. With a common currency this can be eliminated. Ireland, on the other way, is one of the poorest countries in Europe, partly because of its terrain. Ireland has little or no industry, yet need to use Euro and this reduces foreign money inflow into their country. They loses money and then go bankrupt...I agree with you, euro is no more relevant.