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Run on the Euro post Irish-bailout?

  • 21-11-2010 3:48pm
    #1
    DublinWriter
    Registered Users, Registered Users 2 Posts: 9,560 ✭✭✭


    Is it just me, or has anyone else looked into their crystal ball and seen a massive run on the Euro happen just before Xmas time?


Comments

  • #2
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    That would be a blessing I don't think we will be lucky enough to see. I think the ~$1.40 level is more likely to be the year end figure then parity. Don't forget Ireland is a dot in terms of GDP in euroland. You can use the € to buy all those beautiful German goods so a run will only happen once Germany leaves it.


  • #3
    Low Energy Eng
    Registered Users, Registered Users 2 Posts: 299 ✭✭Low Energy Eng


    DublinWriter wrote: »
    Is it just me, or has anyone else looked into their crystal ball and seen a massive run on the Euro happen just before Xmas time?

    I dont really see that I think the US dollar is in worse shape which should take attention of euro
    OfflerCrocGod wrote: »
    That would be a blessing I don't think we will be lucky enough to see. I think the ~$1.40 level is more likely to be the year end figure then parity. Don't forget Ireland is a dot in terms of GDP in euroland. You can use the € to buy all those beautiful German goods so a run will only happen once Germany leaves it.

    Why would that be a blessin? Cant see a break up in the euro, i do think we'll see $1.40 alright


  • #4
    OfflerCrocGod
    Registered Users, Registered Users 2 Posts: 6,334 ✭✭✭OfflerCrocGod


    Low Energy Eng wrote: »
    Why would that be a blessin? Cant see a break up in the euro, I do think we'll see $1.40 alright
    The € is expensive and it hurts exports, especially when we are all trying to recover by exporting and the eurozone's trade partners all seem intent on printing more of their currency.

    The boost the eurozone received earlier this year was due to the low €, the eurozone could do with a repeat.


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