Quote:
Originally Posted by Lagun
Thats exactly the case of the UK.
|
That is the case of the UK. At some point it will have to pay the price.
Quote:
|
Furthermore, the Eurozone itself has passed form wide surpluses to balanced situation, so I believe next step is Euros collapse after USD.
|
Take a look at:
Euro zone reports trade surplus of 4.6 bln euros in July
Countries like Germany remain exporting powerhouses, despite euro strength. Germany provides the real muscle behind the EU, and its economic strength ultimately underpins the euro.
I'm pessimistic about Europe for other reasons -- demographics, an unaccountable EU bureaucracy, and slowly declining competitiveness. But every place in the world has its own problems.