Can the Euro Survive?


The current attack on the Euro is getting worse, as currency speculators see a golden chance to make massive profits by attacking "the weakest link" in the Euro system, which is Greece.

Other weak links, like Portugal, Spain, Italy and Ireland, could be next due to their weak economies and high public debts.

Can Europe save the Euro?

According to an article in the Daily Telegraph by Jeff Mandell on May 20, "The Euro as we know it is dead"

As suggested in a post on this blog last month (29 April), Damage Caused by Currency Speculation, a political decision is needed to freeze currency exchange rates for one month to design and implement a new sustainable system.

In the current environment of panic and negative speculation, without such a freeze on exchange rates, not only the Euro may collapse, it may worsen the current global financial mess.

Let's hope this is not the case.