Can the Euro survive? | Forex Factory

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Can the Euro survive?

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  • Will the Euro survive until 2050
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  • #1
  • First Post: May 25, 2014 9:17am May 25, 2014 9:17am
I have noticed that a very large number of posters here come out of the EU. I am from Texas. I would like to know your opinions of the long term viability of the Euro and of the EU in general. Right now, I don't see how it can survive. Will smaller countries in the EU accept German economic control?

From here in the US it looks like Germany runs things for you guys. But I am starting this thread because I want to know the truth from people on the ground there.

Can the Euro survive?

I am net long the dollar right now.
If you are good at something, never do it for free--Joker
  • #2
  • May 25, 2014 9:52am May 25, 2014 9:52am
Yes, Germany runs things. Yes, the Euro can survive (ups and downs of course). Germany will make sure it survives. Yes, now it's a good time to sell it in my humble opinion too.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #3
  • May 25, 2014 10:07am May 25, 2014 10:07am
Quoting vox dei
Yes, Germany runs things. Yes, the Euro can survive (ups and downs of course). Germany will make sure it survives. Yes, now it's a good time to sell it in my humble opinion too.
Are other nations in the EU passive about German control?
If you are good at something, never do it for free--Joker
  • #4
  • May 25, 2014 10:28am May 25, 2014 10:28am
Quoting jmn5611
{quote} Are other nations in the EU passive about German control?
Imho, it doesn't really matter what others nations say now, cause in the end they will listen to the money (Germany).
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #5
  • May 25, 2014 10:28am May 25, 2014 10:28am
Quoting jmn5611
I have noticed that a very large number of posters here come out of the EU. I am from Texas. I would like to know your opinions of the long term viability of the Euro and of the EU in general. Right now, I don't see how it can survive. Will smaller countries in the EU accept German economic control? From here in the US it looks like Germany runs things for you guys. But I am starting this thread because I want to know the truth from people on the ground there. Can the Euro survive? I am net long the dollar right now.
Well Germany and France are quite strong players in the EU, yes. However, if you're in the UK, you're largely out of their control. I think some countries will need to leave the EU, but it will survive in some form for a long time. So the currency will survive for a long time. I think people in the US should be more worried about their own situation, which from where I sit (UK), seems worse. Japan also seems to have some problems with debt.
  • #6
  • May 25, 2014 10:37am May 25, 2014 10:37am
Quoting SupraSense
{quote} Well Germany and France are quite strong players in the EU, yes. However, if you're in the UK, you're largely out of their control. I think some countries will need to leave the EU, but it will survive in some form for a long time. So the currency will survive for a long time. I think people in the US should be more worried about their own situation, which from where I sit (UK), seems worse. Japan also seems to have some problems with debt.
As long as we have the petrodollar, which is backed by the full faith and credit of the US military, we have no real issues. At least not yet. If we do, you can rest assured that we will be spreading democracy to wherever the problem lies. And the UK will help us too.

As far as EU goes, I find it ironic that after two world wars, Germany got what it always wanted anyways.....control of Europe.

I was wondering if people that live on the continent are okay with this.
If you are good at something, never do it for free--Joker
  • #7
  • May 25, 2014 10:54am May 25, 2014 10:54am
Quoting jmn5611
{quote} As long as we have the petrodollar, which is backed by the full faith and credit of the US military, we have no real issues. At least not yet. If we do, you can rest assured that we will be spreading democracy to wherever the problem lies. And the UK will help us too. As far as EU goes, I find it ironic that after two world wars, Germany got what it always wanted anyways.....control of Europe. I was wondering if people that live on the continent are okay with this.
History tells us that people fail to appreciate the effect of compounding. So yes, maybe not in trouble yet, but that time is approaching at an exponential rate, and the US is not prepared for it.

I think there is some anger at Germany, but equally, and often missed by most, is that there is anger in Germany at the rest of europe. The germans are having to pay to finance debts. That means German workers are paying taxes, part of which goes to helping out other countries. They may or may not get that money back. As you can imagine, German workers are not necessariyl so happy about this.
  • #8
  • May 25, 2014 10:55am May 25, 2014 10:55am
Quoting jmn5611
{quote} As long as we have the petrodollar, which is backed by the full faith and credit of the US military, we have no real issues. At least not yet. If we do, you can rest assured that we will be spreading democracy to wherever the problem lies. And the UK will help us too. As far as EU goes, I find it ironic that after two world wars, Germany got what it always wanted anyways.....control of Europe. I was wondering if people that live on the continent are okay with this.
bizarre statement on so many levels, unless you're American of course.
tradewith60
  • #9
  • May 25, 2014 10:55am May 25, 2014 10:55am
Quoting jmn5611
{quote} As long as we have the petrodollar, which is backed by the full faith and credit of the US military, we have no real issues. At least not yet. If we do, you can rest assured that we will be spreading democracy to wherever the problem lies. And the UK will help us too. As far as EU goes, I find it ironic that after two world wars, Germany got what it always wanted anyways.....control of Europe.
Sad but true.

Quoting jmn5611
I was wondering if people that live on the continent are okay with this.
Some are, some aren't. I'd say most aren't. That doesn't really matter either. That's the beauty of representative democracy... You get to vote for some politician that will approve in your name what you disapprove.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #10
  • May 25, 2014 10:56am May 25, 2014 10:56am
Quoting 60minuteman
{quote} bizarre statement on so many levels, unless you're American of course.
Texas is USA, no?
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #11
  • May 25, 2014 11:05am May 25, 2014 11:05am
Quoting vox dei
{quote} Texas is USA, no?
I believe it is.. isn't that where that Bush fella was from?
tradewith60
  • #12
  • May 25, 2014 11:10am May 25, 2014 11:10am
Quoting 60minuteman
{quote} I believe it is.. isn't that where that Bush fella was from?
That's where JMN stated he's from too in the thread opening post.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #13
  • May 25, 2014 11:20am May 25, 2014 11:20am
People want change and voices are getting louder. The European election results tonight should be quiet telling.
  • #14
  • May 25, 2014 11:24am May 25, 2014 11:24am
Quoting 60minuteman
{quote} bizarre statement on so many levels, unless you're American of course.
Nothing at all bizarre about that statement, unless you do not understand global politics.
If you are good at something, never do it for free--Joker
  • #15
  • May 25, 2014 11:28am May 25, 2014 11:28am
Quoting vox dei
{quote} Sad but true. {quote} Some are, some aren't. I'd say most aren't. That doesn't really matter either. That's the beauty of representative democracy... You get to vote for some politician that will approve in your name what you disapprove.
If Gemany is resentful of Europe, and Europe is resentful of Germany, how do think the EU can hold itself together? For example, Germany has made it pretty clear that they have no interest in penalizing Russia for it's involvement in Ukraine. If Ukraine splits and falls into civil war, EU border countries will want something done.

I can see the Euro falling hard and fast over these developing scenarios.
If you are good at something, never do it for free--Joker
  • #16
  • May 25, 2014 11:29am May 25, 2014 11:29am
Quoting neil324
People want change and voices are getting louder. The European election results tonight should be quiet telling.
What do they want to change into?
If you are good at something, never do it for free--Joker
  • #17
  • May 25, 2014 11:33am May 25, 2014 11:33am
Quoting jmn5611
{quote} As long as we have the petrodollar, which is backed by the full faith and credit of the US military, we have no real issues. At least not yet. If we do, you can rest assured that we will be spreading democracy to wherever the problem lies. And the UK will help us too.
classic american right here !
All posts are my personal opinion
  • #18
  • May 25, 2014 11:37am May 25, 2014 11:37am
Quoting Rtm
{quote}classic american right here !
It might sound arrogant, but it is quite true.
If you are good at something, never do it for free--Joker
  • #19
  • May 25, 2014 11:57am May 25, 2014 11:57am
Quoting jmn5611
{quote} Nothing at all bizarre about that statement, unless you do not understand global politics.
you see nothing bizarre in comparing the aims of Nazi Germany with the current German ruling party? .... next thing you're going to be declaring American foreign policy a good thing for World peace.
tradewith60
  • #20
  • May 25, 2014 12:15pm May 25, 2014 12:15pm
Quoting 60minuteman
{quote} you see nothing bizarre in comparing the aims of Nazi Germany with the current German ruling party? .... next thing you're going to be declaring American foreign policy a good thing for World peace.
Ultimately, I was comparing ALL of Germany's attempts to control Europe. There was no Nazi's during the first world war. Germany has been trying to consolidate Europe for 100 years, and it finally got it's way through economic control.

You may a bit young to be solid on history, however, so it's no big deal.
If you are good at something, never do it for free--Joker
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