Forbes Internet Website article "Soros: Euro May Not Last Without Global Plan-Paper", dated 29 January 2009 quoted Mr. George Soros as saying that "The Euro may not survive unless the European Union pushes for an international agreement on toxic assets.".
This explains the bearishness of the Euro in relation to other currencies. It looks like the Euro will not only not be able to replace the US Dollar should there be a US$ Devaluation Crisis, but, the Euro itself may face an even deeper crisis. Wow! Shocking how the world disintegrates before our very eyes.
This explains the bearishness of the Euro in relation to other currencies. It looks like the Euro will not only not be able to replace the US Dollar should there be a US$ Devaluation Crisis, but, the Euro itself may face an even deeper crisis. Wow! Shocking how the world disintegrates before our very eyes.
Best wishes,
Ooi
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