Investors Preparing for Collapse of the Euro: Will the Euro End As We Know It?

by Heisenberg Posted 2012/08/14 20:00:00

Related Topics: Europe, Euro, Economy, Recession

545 votes
Read all 356 opinions
Lightning Report View Results and Demographics + View Demographics

Loading Demographics... Click an icon to see demographic results Display unknown and private
	Yes	395 votes	72%
	No	150 votes	28%

SPIEGEL.DE reports:
Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar's structure isn't in doubt.

remains stable dollar america debt problems euro dollars structure doubt

+17

Add a comment above

Heisenberg 2012/08/14 14:34:14

Yes

+17
This is the natural consequence of big government policies.

The US dollar can expect the same.
>> See Replies

More polls by Heisenberg

chas 2012/08/15 17:30:23

Yes

+4
after many attemps to PROP it up !!! A common currency is alway "conveinient", but probably never "workable" in societies where people demand "free programs", and have different "work-ethics".

reply
topcat128 2012/08/15 17:30:14

Yes

+4
Yes, it will. The collapse of the dollar can't far behind it. With a $15 trillion dollar national debt and growing every day, something bad is going to happen soon. Especially if the Chinese stop buying our debt.

reply
Steveth... to topcat128 2012/08/16 07:03:04

Our real National debt is more like $200 thousand billion.

reply
Healingme 2012/08/15 17:26:16

Yes

+5
England did not join the euro they knew better

reply
Ms Shona 2012/08/15 17:16:24

No

+3
The US dollar is in worse trouble!

reply
Steveth... to Ms Shona 2012/08/16 11:51:30

Ms Shona, I have been trying to say just that, but they aren't going to listen. Try to tell them. See how far you get. (na na na nana, They caaann't hear you!) Ha ha ah

reply
Bob DiN to Ms Shona 2012/08/20 00:36:01

Not worse but just as bad. Too much national debt.

reply
Matt Forrester 2012/08/15 17:12:01

Yes

+2
Only a matter of time IMHO...

reply
overdog001 2012/08/15 17:07:58

Yes

+3
Yes, it will end. Poli-Sci experiments notwithstanding, the whole purpose of the Euro is to force homogeneity. Large-scale economics just doesn't work that way. All currency is tied to perceived value, and perceived value differs wildly by culture. No matter how much they may wish it, "United Europe" is not the same concept as "United States".

reply
Beat Ma... to overdog001 2012/08/15 20:34:38

+2
Perhaps, but a big reason was just to make things easier out here. Imagine if you had to use a different currency from state to state back in the USA. Most countries here are small like east-coast states and crossing borders is a common thing. Because the countries are small, many are constantly doing business with each other. Manufactured goods, produce, etc.. unifying the currency was meant to make things easy.

I won't debate the cultural attitudes though. A lot of the countries here still don't get along. German countries don't like Slavs (who make up half of Europe), and the feeling is fairly mutual. Slovakia (where I am) has a love/hate relationship with Hungary, despite that the entire southern region has Hungarian roots.

The one thing everyone agrees on out here is that Greece needs to be given the boot NOW!

reply
klausd11 to Beat Ma... 2012/08/15 22:19:20

+1
Cultural difference? Half of Germany doesn't like the other half - so what!

reply
PeetFizzy to klausd11 2012/08/15 22:40:14

Hell, Franconians don't even like Bavarians haha.

reply
Steveth... to klausd11 2012/08/16 07:04:47

Democrats do not like republicans.

reply
overdog001 to Beat Ma... 2012/08/23 15:21:12

Good points, well made.

reply
Steveth... to overdog001 2012/08/16 07:04:07

It is not working here either.

reply
nobiggov 2012/08/15 16:48:43

Yes

+3
Yes, it will fail and over 50% of Americans are too ignorant to learn from it and vote accordingly. Socialism eventually fails.

reply
klausd11 to nobiggov 2012/08/15 22:21:18

It fails for the same reasons the Euro fails: Rules not followed and promises made that cannot be kept....

reply
Striker 2012/08/15 16:31:27

Yes

+4
And the Dollar. They have had the Amero ready for quite a long time, but it's also fiat money, so it can be no better.

reply
Beat Ma... to Striker 2012/08/15 20:35:38

+1
The Dollar is the Amero. I use it more than I use Pesos down in Mexico.

reply
Striker to Beat Ma... 2012/08/16 05:32:35

I really don't know what to say.

reply
Groundskeeper Willy 2012/08/15 16:23:26

Yes

+2
The only way to recover from 60 years of socialism is to get back to the idea of self sufficiency and austerity.

Governments fall when they attempt the "be all end all" for everyone's Christmas list.

reply
Paul Sh to Grounds... 2012/08/15 17:57:45

Wish it were that simple Willy. UK government is doing austerity and all the Romney/Paul type stuff, but we're still not recovering as well as the US under Obama.

reply
klausd11 to Paul Sh 2012/08/15 22:29:41

Living within you means is NOT austerity - it's just what everyone should do!

reply
the fuze 2012/08/15 16:20:46

Yes

+2
How long until it collapses???

reply
Chelsea 2012/08/15 16:15:32

Yes

+2

reply
Mike Miller 2012/08/15 15:53:02

Yes

+1
Europe will somehow come out of this mess but afterwards tempers will flare between the countries that had the wealth and planned and those that spent wildly and did not plan. There will be a tearing at the fabric of their union.

reply
SilverSword Tim 2012/08/15 15:51:49

Yes

+2
The Euro sucks, its weird that it's still there

reply
Bob DiN to SilverS... 2012/08/20 00:43:14

+1
The Euro was doomed from the start.

reply
SilverS... to Bob DiN 2012/08/20 09:45:11

It sure was

reply
nightcrawler2005 2012/08/15 15:51:16

No

+1
Some countries might be forced out of it but it will survive it is in the best interest of France and Germany to keep it in some form.
For the European Union as a whole my personal feeling is the first country to pull out might end up being Britain. The way things have gone the last few years the EU is costing Britain a hell of a lot more than the benefits their getting as a member.

reply
Rdtourist to nightcr... 2012/08/15 15:58:44

+1
Britain is NOT in the Euro Club, they are members of the EU but not the economic part. They still use the good old Pound Sterling and actually still use miles for distance.

reply
nightcr... to Rdtourist 2012/08/15 20:12:52

If you read my message I said for the 'European Union as a whole'. I'm well aware they use Sterling I have investments over there and travel there once a year.

The problem is the European Union passes financial laws and regulations that effect all members not just the Euro Zone. Their basically penalizing Britain for the incompetence of some Euro Zone members. Since Britain is not in the Euro Zone they have very little input in the making of these regulations. Also if you read the newspapers out of the UK you would know there is a big push on to get out of the European Union.

reply
Beat Ma... to nightcr... 2012/08/15 20:37:57

+1
Makes sense. The Pound is still a very strong and stable currency. London is a well established international banking center and they will bail out before getting dragged down.

reply
nightcr... to Beat Ma... 2012/08/15 21:59:24

Exactly
P.S. love your avatar of Robot Monster. An absolute classic Sci-fi movie.

reply
Rdtourist to nightcr... 2012/08/21 14:19:51

+1
Use of incomplete sentences (phrases, actually) such as "Their basically penalizing Britain for the incompetence of some Euro Zone members." just makes it hard to understand what you are saying, did you perchance mean THEY'RE instead of THEIR? changes the whole thing.

reply
nightcr... to Rdtourist 2012/08/21 14:48:10

Sorry brain running faster than fingers as usual. 'They are ' or 'They're' should have been used.

reply
Skifling 2012/08/15 15:47:25

Yes

+2
I am from Europa, and I'd be lying if I said thing are going alright. Some counties are in big dept and since richer countries try to help by giving more loans, we all feel it.

reply
pete 2012/08/15 15:41:13

Yes

+5
Face it; socialized governments, unions and entitlements are choking the debtor nations of Euro (Greece, Spain, Italy, Portugal, etc).

What started as an attempt to create a "United States of Europe" by Chirac and Kohl; to counter America's omnipotence; has begun to crumble under the excesses of the debtor nations and the grantor's (Germany, France, etc) electorates are beginning to get that "fed up" feeling of having their taxes poured into endless bailouts of these 32.5 hour week, endless unemployment benefits, 6 week vacations worker nations.

If Merkel begins to falter in her efforts to sustain these bum nations (greta tourist attractions) and the German voters say "ENOUGH", then the Euro concept will eventually break apart.

Germans never liked the Euro and they blame it for increasing their real cost of living, so this would be a vindication for their concerns about the concept as a whole. Germany has been the locomotive that has pulled Europe out of this latest US caused recession and if they ever decide to go back to their former ways, the Euro will fade away.

German frugality, diligence and work ethic has made it stand out above the rest of Europe. Good times earned the unions good but unsustainable contracts, which are now forcing these nations into stringent cut...

Face it; socialized governments, unions and entitlements are choking the debtor nations of Euro (Greece, Spain, Italy, Portugal, etc).

What started as an attempt to create a "United States of Europe" by Chirac and Kohl; to counter America's omnipotence; has begun to crumble under the excesses of the debtor nations and the grantor's (Germany, France, etc) electorates are beginning to get that "fed up" feeling of having their taxes poured into endless bailouts of these 32.5 hour week, endless unemployment benefits, 6 week vacations worker nations.

If Merkel begins to falter in her efforts to sustain these bum nations (greta tourist attractions) and the German voters say "ENOUGH", then the Euro concept will eventually break apart.

Germans never liked the Euro and they blame it for increasing their real cost of living, so this would be a vindication for their concerns about the concept as a whole. Germany has been the locomotive that has pulled Europe out of this latest US caused recession and if they ever decide to go back to their former ways, the Euro will fade away.

German frugality, diligence and work ethic has made it stand out above the rest of Europe. Good times earned the unions good but unsustainable contracts, which are now forcing these nations into stringent cutbacks and the unions are rejecting that idea.

There's a HUGE lesson to be learned for Americans in this Euro debacle; sooner or later the entitlements and good times may end. Let's prepare NOW and not wait for us to hit the ditch.
(more)

reply
Ole SGT... to pete 2012/08/15 16:07:23

+1
Well said Pete

reply
Paul Sh to pete 2012/08/15 18:08:12

I agree with most of that.... BUT unbridled austerity is NOT the way out. Governments need to continue to invest in infrastructure, maintain employment in the short term and implement a plausible plan to manage debt over the longer term. I live in UK and our government has been way too heavy with austerity. This applies equally to USA - you have been warned!

reply