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Topic: EUR might drop below USD - page 23. (Read 33651 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 26, 2015, 05:22:49 AM
#12
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

That's not likely to happen, I suspect what will happen is more countries like Switzerland who are fed up of footing the bill for countries like Greece will leave the Euro and as a result the euro zone will end up crashing because all you'll have then are countries left alone with massive debts that they don't intend to pay off.


Switzerland isn't part of the Euro zone, they have nothing to pay. It's the Germans, the French and people from Holland who will have to pay the bill. Do they want to? The Greeks have said they don't want to pay back, we shall not expect others to pay for them.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
January 26, 2015, 04:52:29 AM
#11
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.


I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.

I still think that Greece at present would be more than willing to do the revaluing given that they have had a horrible go of it in the last 5 years with the austerity measures imposed on them by the European Union, it seems from the election that the sentiment is there to go through with those type of radical changes, of course the EU will try to keep them in and likely succeed but if they do leave it would not be a completely unexpected outcome.
legendary
Activity: 1540
Merit: 1000
January 26, 2015, 04:36:11 AM
#10
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

That's not likely to happen, I suspect what will happen is more countries like Switzerland who are fed up of footing the bill for countries like Greece will leave the Euro and as a result the euro zone will end up crashing because all you'll have then are countries left alone with massive debts that they don't intend to pay off.

Of course, the people they will blame are the countries that chose to leave instead of going along with their bullshit, they will likely also make the usual statements that leaving the euro zone is isolationism and so on and that the countries are just looking out for their own interests.
full member
Activity: 238
Merit: 100
January 26, 2015, 04:12:28 AM
#9

Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.


Not likely.
newbie
Activity: 18
Merit: 0
January 26, 2015, 03:23:11 AM
#8
There is no written procedure for exiting EU though...
hero member
Activity: 602
Merit: 500
January 25, 2015, 10:54:26 PM
#7
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.


I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight.
legendary
Activity: 2730
Merit: 1288
January 25, 2015, 07:43:25 PM
#6
Greece will never leave EU. Well not in our life time. Euro needs to lose some worth. Everyone will be invited to do your next christmass shoppings in Europe!
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 25, 2015, 07:06:18 PM
#5
Now, regarding the $/€ parity, this may change, but I don't see happening it suddenly.
legendary
Activity: 2464
Merit: 1145
January 25, 2015, 07:05:48 PM
#4
yes its gonna happen.

the european central bank will buy €1 trillion worth of government bonds starting from march 2015 to september 2016 - every month € 60 billion worth.
legendary
Activity: 1358
Merit: 1014
January 25, 2015, 06:58:22 PM
#3
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
Syryza or however its written just smashed the elections and won by big majority, things are going to get really really interesting. These guys dont want to be buttfucked by Merkel, but they are delusional if they think they can stop the Troika.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
January 25, 2015, 06:02:50 PM
#2
If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
sr. member
Activity: 243
Merit: 250
January 25, 2015, 05:36:37 PM
#1

Is it possible that EUR might drop below USD in 2015? Syriza & ECB QE program
pushing price even lower against USD or do you think euro is at it's bottom right now
and is going to rise soon?
Discussion.
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