Euro Cup 2012 competition is on! Who will be the winner for this year? Anyone wants to make a guess? If you ask me, my money will be on either Italy or Portugal. Why?
To answer that, we have to take a look at the winners of the last 2 tournaments. Euro Cup is held every 4 years, so we check out the winners for 2004 & 2008.
Winner for 2004 - Greece
Winner for 2008 - Spain
So there! Greece won the cup in 2004, but it is now the core of the Eurozone crisis for past 2 years. Spain won in 2008. And now it is also in a crisis and needs EUR$100 billion bailout money. By the way, this bailout money causes the EURUSD to gap up a massive 100pips on monday morning on 11th June. Is this the dilemma of the Euro Cup? We shall see.
If Italy or Portugal wins this year's tournament, it may indeed be the dilemma of the Euro Cup. As both of these countries are not far behind in the ongoing Eurozone Crisis.
To answer that, we have to take a look at the winners of the last 2 tournaments. Euro Cup is held every 4 years, so we check out the winners for 2004 & 2008.
Winner for 2004 - Greece
Winner for 2008 - Spain
So there! Greece won the cup in 2004, but it is now the core of the Eurozone crisis for past 2 years. Spain won in 2008. And now it is also in a crisis and needs EUR$100 billion bailout money. By the way, this bailout money causes the EURUSD to gap up a massive 100pips on monday morning on 11th June. Is this the dilemma of the Euro Cup? We shall see.
If Italy or Portugal wins this year's tournament, it may indeed be the dilemma of the Euro Cup. As both of these countries are not far behind in the ongoing Eurozone Crisis.