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The Demise of the Euro

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On My Mind The Demise of the Euro Avi Tiomkin 04.21.08, 12:00 AM ET ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Tensions between inflation-obsessed Germany and growth-hungry Latin countries will spell its end. It is only a matter of time, probably less than three years, until the euro experiment meets its end. The financial crisis in the U.S. is hastening the process, as investors flee the dollar, pushing the euro to a price of $1.59. But it will not stay high for long. Countries like Spain and Italy will withdraw and return to their old currencies. Once that ... (full story)

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