EUARTE

Will the Euro Survive?

I admire Europe in a general way. Certainly she is the mother of my culture. Alas, she has too long been in the grip of leftist socialism and anti-Americanism. With this in mind I wish them little luck.

I think the Euro will survive. Nobody wants to go through the uncoupling. However, I must remind myself that this was all put together for the benefit of Germany and France. If they see it as no longer being in their direct interest.....goodbye EU and Euro.

The biggest mistake the Europeans made was the fantasy of a nation called Europe. The concept of a customs union was good and benefited all. When they let themselfs be carried away by the European elites the mess began. The only reason for the EU was for permanent jobs for the left elite. The other reason was the on-going fantasy of anti-Americanism.

Germany understands the loming of Russia and will offer some plan to make sure Eastern Europe does not fall too far. France has only one interest....France. She will walk out the minute she sees no financial interest in a united Europe. She already sees that it has brought less power than expected.

As for Iceland, Ireland and Austria. Honestly, nobody cares. It is unkind but quite true.

What happens to the dollar with a non-€ world. I have not a clue.