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Suppose the Euro fails

  • 25-11-2010 6:56pm
    #1
    sinnerboy
    Closed Accounts Posts: 5,433 ✭✭✭


    ...as we know it today . If Portugal and Spain face the same dilemma we do soon but unlike us they grow some balls and default . And kill the Euro . How would Ireland then fare ?

    Or is this too complex and variable to estimate ?


Comments

  • #2
    Dotsie~tmp
    Registered Users, Registered Users 2 Posts: 1,428 ✭✭✭Dotsie~tmp


    Thats the crystal ball forum you are looking for. If I knew Id be a millionaire in months.


  • #3
    sinnerboy
    Closed Accounts Posts: 5,433 ✭✭✭sinnerboy


    Well it may happen soon

    Do we hope here it does or does not ? From a selfish perspective ?


  • #4
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭later12


    I don't think the Euro is dead, but what we are seeing is the death of the Euro as we know it.

    If we fail to successfully restructure our debt, and if Spain falters, then the peripheral European countries (including Ireland, Greece, Portugal, and probably Spain) will leave the Single Currency. We are simply too different to our central European neighbours in terms of fiscal policy and consumer type to ever have been bunched together to begin with.

    I predict, in that case, that we may start our own peripheral European currency, or return to an Irish currency, but by then the Germans will have had enough, and the Euro will continue in Central Europe without us.


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