I don't understand...

sabretoothtigger

The Euros arent printed, we print Sterlings and the proceeds go to government and those who deal their debt. If you expected more holiday money, blame Mervyn

lvader wrote: »

I'm expecting Stirling to stage a partial recovery next year.

He may be 82 but he is still one of the best we've ever had

Generali

slopemaster wrote: »

Why aren't euros cheap in view of all this talk of crisis?
(Especially as interest rates on euros are still low.)

German Government bonds are still seen as a 'safe haven'. That is pushing money into Euro. To some extent the Euro is being propped up as you have to keep your money somewhere and there are still many, many excellent Eurozone companies.

michaels

Don't forget when the US was downgraded from AAA its bonds rose - why? They were seen as a safe haven in times of trouble.

Most would say the 'Deutche-Euro' is considerably undervalued so holding bunds should the Euro shed a few weaker members might be a very profitable play.

purch

....for the same reason that the EUR has been able to survive so long.

It's been a confidence trick the whole way, and the suckers are still falling for it :eek:

Generali

purch wrote: »

....for the same reason that the EUR has been able to survive so long.

It's been a confidence trick the whole way, and the suckers are still falling for it :eek:

C'mon old chap. You know as well as I do that the EUR is basically the DEM. After all, that's pretty much how it's been priced for the past decade and as we both know, efficient markets mean prices will always reflect known risks.

purch

.......other than the obvious one's