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Is there any way to save the Euro?

nottyboi

Well-known member
May 14, 2008
22,447
1,325
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I think the Euro is toast the Greek quasi default did the Euro brand permanent damage. I don't see how it can recover. The Euro will be a liability going forward.. and pretty soon there will be a run on Greek/Spanish and Italian banks.
 

oil&gas

Well-known member
Apr 16, 2002
12,224
1,619
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Ghawar
Germany, France, Italy and Portugal should offer their significant gold
reserve as collateral to China in exchange for loans to pay off their debts.
By making their debt partially redeemable in bullions in the future
(NOT dumping their gold reserve into the market) might save the
Euro.
 

wyngarde

anonymous sexual athlete
Jan 7, 2011
324
30
28
yo momma's
No way Euro countries will post gold collateral. Not in a million years. They'll let the euro fail before they hand over their gold to China.
The euro beautifully demostrates the "fucked-up-ness" of governments will fiscal authority and no monetary authority. Greece is going to zero. Lazy fucking greeks. How can a whole country cook its books. That's messed up.
 
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