Realistically, how screwed is the euro?

EdGasket

The assets your fund invests in will still be worth whatever they are worth whether it is in Euros or something else post-euros. Europe may fragment economically and that may suppress growth but there won't be a wipe out.

I don't know what videos you have been watching but sounds like it was from the horror section at blockbuster rather than any intelligent source.

NewKidOnTheBlock_2

EdGasket wrote: »

The assets your fund invests in will still be worth whatever they are worth whether it is in Euros or something else post-euros. Europe may fragment economically and that may suppress growth but there won't be a wipe out.

I don't know what videos you have been watching but sounds like it was from the horror section at blockbuster rather than any intelligent source.

This was on of the videos I watched. https://www.youtube.com/watch?v=C8xAXJx9WJ8

Reaper

Most of that video was very good. Except where it suddenly claims tiny Greece defaulting somehow bankrupts the whole EU. I could see no logic to it.

ScarletBea

People do realise that Ireland and Portugal have been bailed out, and already paid back all the money lent in the last few years?

Thrugelmir

zolablue25 wrote: »

The financial history of Greece does not make pretty reading and, really, they should never have been allowed to join the Euro - but that's all history now.

History is being written as we watch. Greece is illustrating precisely what why Eurozone cannot work in it's current form. Closer fiscal ties will be accelerated after this episode is over.