Another day, another euro crisis. It seems that the common currency's roller coaster ride is not over yet. But is their light at the end of the tunnel, or more to come? FRANCE 24 took the pulse of leading financial analysts to find out their view.
Is their light at the end of the tunnel for the euro, or can we expect more drama on the financial markets over the coming weeks and months? FRANCE24 spoke to leading analysts and currency strategists to get their views on the current financial crisis, and to find out how the common European currency has arrived at its present predicament.
The unthinkable: should Greece be allowed to fail?
“Greece should be allowed to fail. I don’t believe in too big to fail, but I do think there are some that are too big to exist,” argues Jeremy Batstone-Carr, Director of Private Client Research at Charles Stanley in London. He also points out that the current bailout culture is encouraging risk taking on the financial markets.
Redeker argues that devaluation is the only way forward, but “in an orderly manner.” Key to the euro's successful devaulation according to Redeker is the “pace” at which it must take place: it must occur gradually. He also believes that the euro must remain in retreat for the foreseeable future.
Date created : 2010-05-19