EUR might drop below USD

[Natalia_AnatolioPAMM]

There is no written procedure for exiting EU though...

there is, but its sooooooooo complicated that no one even tries. you need agreement with each and every state, lots of papers and protocols etc and you can never come back.

[1715057111]

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[Minerjoe]

EU can go down below US. With this Junkers plan and ongoing problems inside EMU, things are not looking good.

Potential Greek exit would destroy the entire Eurozone.

[chmod755]

Potential Greek exit would destroy the entire Eurozone.

Greece only makes up for ~3.4% of the Eurozone.

For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope.

[aso118]

Potential Greek exit would destroy the entire Eurozone.

Greece only makes up for ~3.4% of the Eurozone.

For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope.

The problem is not 3.4% of the GDP of Eurozone being removed.
The problem is the chaos associated with a disorderly exit. Everything is interlinked and I am sure a 'contagion' is on everybody's minds.

[deisik]

Potential Greek exit would destroy the entire Eurozone.

Greece only makes up for ~3.4% of the Eurozone.

For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope.

It may not destroy the system at once, but it can well be the first step toward destruction and mark a beginning of the meltdown. When something happens for the first time, you may expect things to continue on this route further on...

[vrm86]

Potential Greek exit would destroy the entire Eurozone.

Greece only makes up for ~3.4% of the Eurozone.

For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope.

It may not destroy the system at once, but it can well be the first step toward destruction and mark a beginning of the meltdown. When something happens for the first time, you may well expect things to continue on this route further on...

Especially that public sentiments about Euro are getting worse and worse, also in fully developed countries.

[AtheistAKASaneBrain]

European manufacturers are happy with the falling value of the single currency, which allows them to export their goods more easily. But the mood is tempered by the threat of deflation, particularly harmful to indebted countries, and increasingly a worry for the ECB.

[Valta Crypto]

EUR/USD Forecast Mar. 30 – Apr. 3
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/

[Fabrizio89]

Yeah I think we will squeeze here for a while mantaining a slight bias for down but gathering strenght for a push on the upside while the DXY is weakening.

[manselr]

I remember back in the day there were massive piles of short trades closing near 1.20, splattered in and around there. I suspected that in Q1 of 2015 we'll see a big squeeze with a lot of retail traders in the mix not expecting it. That being said, after the pull back, I presumed we'll see EUR/USD bread below that 1.20 price point because the situation in Europe is not pretty and if they announce QE which is a huge devalue to the Euro all you can say is TIMBERRRRR lol, and I guess I was right. We'll see how it goes Q2.

[criptix]

Weaker euro is good for the export but you guys forget the other side of the medal.
imports are going to get proportionaly more expensive.

[Natalia_AnatolioPAMM]

Potential Greek exit would destroy the entire Eurozone.

Greece only makes up for ~3.4% of the Eurozone.

For Americans: It's like New Jersey leaving the Federal Reserve System. Would it hurt? Yes. Would it destroy the system? Nope.

good point!

[nambich]

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.

It is possible to happen. if the situation in Europe and Russia does not end

[Valta Crypto]

EUR/USD Forecast Apr. 6-10
http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/

[leen93]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

[deisik]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

The United Kingdom is not in the Eurozone, and has never fully been, as to my knowledge. In 1990 it entered what is called the European Exchange Rate Mechanism (a system to reduce exchange rate volatility), but two years later it withdrew having lost over £6 billion in an effort to keep its currency, since currency speculators (such as Soros) took an opportunity to beat the pound sterling into the ground...

[calchuchesta]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

The euro is done after greece leaves, domino effect will ensue.

[sores]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

The euro is done after greece leaves, domino effect will ensue.

Bricks will be shat.

[AtheistAKASaneBrain]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

The euro is done after greece leaves, domino effect will ensue.

Bricks will be shat.

Greece already allying up with Russia. Tsipras visited Putin.. I wonder what happened in the reunion, because they just paid the 470 million that they needed to pay yesterday.

[deisik]

If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.

if greece leaves, spain, italy, germany, the uk ... will all follow and the euro will become weaker for sure.

The euro is done after greece leaves, domino effect will ensue.

Bricks will be shat.

Greece already allying up with Russia. Tsipras visited Putin.. I wonder what happened in the reunion, because they just paid the 470 million that they needed to pay yesterday.

Also, Putin gave Tsipras a historic Greek icon which had been stolen by a Nazi officer during the German occupation of Greece. The icon was recently bought by some Russian philanthropist from the officer's descendants. It is interesting to note that this officer (nicknamed "the Butcher of Crete") had been caught by the Soviets in 1945 and handed over to Greece where he was tried for the genocide of Greek population and sentenced to death (this has to do with Greek demands for reparations from Germany as of recent)...

By the way, what do you mean by reunion?