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Saturday, June 9, 2012

Four reasons why the euro will survive

I was reading CNNMoney this morning and came across this interesting article.  I have not really taken a side on this because I trade mainly technicals.  Many of you may be interested to read this article.

Personally, this is what I thought was interesting.  I had always thought that Germany would be unhappy with supporting the Eurozone and would want to get out, but the article implies that doing so would in fact harm Germany.... hmm... interesting....

Here are the 4 reasons in brief:

  1. It's too painful to breakup (even for Germany)
  2. Euro area voters are risk averse
  3. The euro is innovative and a work in progress 
  4. The European Central Bank can handle the crisis