Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
I think there will be more distressing news to arrive about this situation very shortly.
Economic Review **Current Euro and Greece Situation - 2012**
- Thread starter Stavro D'Amore
- Start date
RahmanSL
Major
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- 2,938
I think the Euro is stuck with a dilemma!
When Euro weakens, most members country finds it difficult to finance for their energy needs since it cost more to purchase and to pay for the essentials in USD.
However, when Euro becomes strong, that in turn cause essential oi & gas prices to rise due, to a weaker USD, and thus cost more Euros to purchase.
It really is a "damn if you do, and damn if you don't" situation.
What would be the solution to this problem??
Maybe each or most of the EZ member countries should revert back to their currency and peg that to the Euro instead of the USD.
The Euro is to be backed up by Gold reserves of EZ member countries (which, as I understand, is now being stored in the US).
I really don't see how else the Euro is going to get out of that dilemma with so many critically ill and sick members, and, very apparently, the common/standard medication is not working.
When Euro weakens, most members country finds it difficult to finance for their energy needs since it cost more to purchase and to pay for the essentials in USD.
However, when Euro becomes strong, that in turn cause essential oi & gas prices to rise due, to a weaker USD, and thus cost more Euros to purchase.
It really is a "damn if you do, and damn if you don't" situation.
What would be the solution to this problem??
Maybe each or most of the EZ member countries should revert back to their currency and peg that to the Euro instead of the USD.
The Euro is to be backed up by Gold reserves of EZ member countries (which, as I understand, is now being stored in the US).
I really don't see how else the Euro is going to get out of that dilemma with so many critically ill and sick members, and, very apparently, the common/standard medication is not working.
Last edited:
Stavro D'Amore
Former FPA Special Consultant
- Messages
- 547
Hello all,
I hope you find this information I provide you is very useful, I would like to thank everyone for their kind support over the past year and reading my material. I hope it has made a difference to you as a trader.
Thanks
Stavro D'Amore
I hope you find this information I provide you is very useful, I would like to thank everyone for their kind support over the past year and reading my material. I hope it has made a difference to you as a trader.
Thanks
Stavro D'Amore
