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Euro devaluation??

  • 18-11-2011 12:28pm
    #1
    sq_forever
    Registered Users, Registered Users 2 Posts: 55 ✭✭


    Is there any chance of a euro devaluation as a means of easing the problem in the eurozone? Some speculation of an imminent 20% devaluation. Just wondering could this happen and what would be the consequences? Obviously the end of cross border shopping, but what effect would it have on borrowings and savings? Thanks


Comments

  • #2
    Squall19
    Closed Accounts Posts: 565 ✭✭✭Squall19


    Alot of people with money are buying up sterling.

    Don't have any money myself, but if I had 50k+ plus sitting in a bank account, i would be buying up sterling, canadian dollars etc fast.

    If I had 20k I would be doing it, they are not going to fix this mess, france are in trouble now, france!!


  • #3
    323
    Registered Users, Registered Users 2 Posts: 1,140 ✭✭✭323


    Hope so as 90% of my business is in £

    20% would be great but still higher than it was before mid 2008.

    Would do wonders for a few Irish business' i know who export a lot outside the EU, have been struggling and had to lay off staff. Not because of lack of demand for their products, but because they just cant compete with this grossly overvalued Euro.

    “Follow the trend lines, not the headlines,”



  • #4
    dsmythy
    Registered Users, Registered Users 2 Posts: 10,528 ✭✭✭✭dsmythy


    Something tells me this wouldn't be good for the more financially sound countries.


  • #5
    thetonynator
    Closed Accounts Posts: 5,234 ✭✭✭thetonynator


    dsmythy wrote: »
    Something tells me this wouldn't be good for the more financially sound countries.

    If its not good for germany, it won't happen.


  • #6
    3ndahalfof6
    Registered Users, Registered Users 2 Posts: 5,184 ✭✭✭3ndahalfof6


    the 1.3 trillion will sort it


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