Sunday, April 27, 2008

The Demise of the Euro

From Forbes:

Tensions between inflation-obsessed Germany and growth-hungry Latin countries will spell its end.

It is only a matter of time, probably less than three years, until the euro experiment meets its end. The financial crisis in the U.S. is hastening the process, as investors flee the dollar, pushing the euro to a price of $1.59. But it will not stay high for long. Countries like Spain and Italy will withdraw and return to their old currencies. Once that happens, get ready for the return of the deutsche mark and the French franc....MORE

See also, MarketBeat's An Endgame for the Euro?

And: Europeans, Buy Those U.S. Assets NOW