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Fewer Nations Will Use Euro in Five Years, Bloomberg Currency Survey Shows
The number of countries using the euro will fall in the next five years, according to a survey of foreign-exchange professionals. About 42 percent of the respondents at the Bloomberg FX11 Summit in New York last week predicted that the euro would no longer be used by all of the 17 nations in the union today, the survey showed. Thirty-one percent forecast an increase in countries sharing the currency and 27 percent saw no change. Concern that Greece and other debt-strapped European nations won’t be able to pay back their obligations to investors prompted officials last week to increase their bailout fund to 1 ... (full story)
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