EUR might drop below USD

[ridery99]

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

EU is a scam

[kaykawa]

Greece is going to default

[Scamalert]

Greece is going to default

Greece should pay a single cent, even if they could.
The whole debt crisis in Greece are caused by the european central bank.
The greek bonds was pumped artifficial high and all the loans to greece was only made
to prevent french and german banks who have invested in greek bonds, not to loose their invenstment.
The money greece has "borrowed" was never put into greek economy, but stayed strictly inside the bank system, and now will the people of greece have to pay for this. This is scary, that banks can do this, and get away with it. When greece default, then will many greedy banks (who invested in greek bonds) fall, then will we have a new bank crisis, and then will EU fall.

[Amph]

Yes Euro is very much dead,dead from begining
Good article about Europe,Euro,Greece by Joseph E Stiglitz, a Nobel laureate in economics,

http://www.theguardian.com/business/2015/jun/05/greeces-creditors-need-a-dose-of-reality-this-is-no-time-for-european-disunion

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate... the whole problem is that all EU countries wants a piece of the pie... but germany is the only one paying.... There is no union its all about who can gain most from the common funds... EU will fail.

it's not a surprise that EU is centralized like anything else, the only fact that there is a central bank prove this point, every decision made by a single country in EU, is useless, with that kind of system

Greece is going to default

they have no choice, but if the central bank would like to keep Greece they should lend them what they need, then they will print even more money to solve the issue that a possible default will cause, they are doing this since ages, i don't see why it should be different now

[deisik]

Just waiting for Germany to exit the EUR, then will the whole thing collapse.
Its only Germany who is keeping the EUR at resonable exhange rate...

No chance of that happening in the near future. There is some support for leaving the EU in Germany, as evident from the rise of Alternative für Deutschland (AfD) there. But still, the overwhelming majority (80%) of the Germans support their nation staying within the European Union. UK might be a possible candidate to secede from the EU, but even there, the majority of the people favor remaining in the EU.

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

[edric]

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 bound to happen as the european economy falling down so rapidly. At last, it would have to be dependent on US to survive. Ultimately, increasing the dollars prices everywhere.

[bryant.coleman]

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

Well.... that is because Germany is probably the only (major) country within the European Union, whose economy is not broke. The French economy is crumbling from the 75% income tax, while the Brits are struggling to keep theirs alive. Almost all the parasite nations (esp. in the Southern Europe) depend upon Germany for their survival.

[Marbit]

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.

Highly doubt that happening, Germany won't let it crash even if Greece fails to comply. They are too big an economy to be disregarded I think, hard to imagine it dropping below USD.

[deisik]

People seem not to understand what the EU essentially is. It is just another, more civilized and polished version of the German Reich (and Euro a euphemism for Reichsmark). Why do you think Great Britain is not in the Eurozone, and is generally pessimistic toward the European Union?

Well.... that is because Germany is probably the only (major) country within the European Union, whose economy is not broke. The French economy is crumbling from the 75% income tax, while the Brits are struggling to keep theirs alive. Almost all the parasite nations (esp. in the Southern Europe) depend upon Germany for their survival.

Is it not what any empire eventually strives to reach? That colonies would be highly dependent on the metropole and look like parasites?

[Fabrizio89]

Until FED increases rate eur won't make new lows, be extra careful anyway these next two days as the FOMC speech will adress the matter. Great time to trade for experts tho

[bryant.coleman]

Is it not what any empire eventually strives to reach? That colonies would be highly dependent on the metropole and look like parasites?

Possible. A prime example is Greece. If that country defaults on its debt payments to Germany, then there is a chance that the Germans will just take away their sovereignity. The same can happen to the other Southern European nations, such as Cyprus, Spain, Portugal.etc. Eventually, we will be having a fourth reich with frau Merkel as the new führer. And welcome to the Reichsgau of Griechenland.

[deisik]

Is it not what any empire eventually strives to reach? That colonies would be highly dependent on the metropole and look like parasites?

Possible. A prime example is Greece. If that country defaults on its debt payments to Germany, then there is a chance that the Germans will just take away their sovereignity. The same can happen to the other Southern European nations, such as Cyprus, Spain, Portugal.etc. Eventually, we will be having a fourth reich with frau Merkel as the new führer. And welcome to the Reichsgau of Griechenland.

Should I consider this as you coming close to understanding that events now transpiring in Europe have, for the most part, causes inside of Europe itself as opposed to being primarily instigated from across the Atlantic?

[bryant.coleman]

Should I consider this as you coming close to understanding that events now transpiring in Europe have, for the most part, causes inside of Europe itself as opposed to being primarily instigated from across the Atlantic?

Well... I still believe that the United States played a very important role, in the so called "events". For example, Victoria Nuland's admission that the CIA spent some 5 billion USD to topple the regime of Victor Yanukovych is an irrefutable proof for the involvement of the Americans in the above mentioned events. Also, I can't overlook the fact that Germany is not a fully sovereign nation as of now.

[deisik]

Should I consider this as you coming close to understanding that events now transpiring in Europe have, for the most part, causes inside of Europe itself as opposed to being primarily instigated from across the Atlantic?

Well... I still believe that the United States played a very important role, in the so called "events". For example, Victoria Nuland's admission that the CIA spent some 5 billion USD to topple the regime of Victor Yanukovych is an irrefutable proof for the involvement of the Americans in the above mentioned events. Also, I can't overlook the fact that Germany is not a fully sovereign nation as of now.

I was referring to Greece in particular and the European economic meltdown in general, i.e. intra-european relations. Regarding Ukraine, it has more to do with the global opposition between the world powers. So the involvement of the US (as well as the EU) in the Ukrainian commotion seems to be pretty evident...

[ridery99]

I'm one of those Russian trolls.

Lol russian trolls always mix geopolitics to everything 

[n2004al]

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.

I don't thinks so. Because the strong status of one currency depends from the monetary policies made by the respective Central Banks. The Federal Reserve aim to resolve the problem of unemployment in entirely and those of the youths in particularity. Then become the other stuffs. While the European Central Bank has as a principal aim to maintain an strong euro and the inflation under control.

[g1974ak]

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.

I don't think that this will be possible. Federal Reserve and The USA Government want a more weak us dollar because this can stimulate their export to all over the world. A strong us dollar make the USA product more difficult to go overseas.

[Gronthaing]

I recently found this article:

http://fortune.com/2015/07/17/summer-vacation-europe-cheaper/

At the moment, one greenback is worth about 90 cents. It came within a few cents of parity this spring, and more economic turmoil could push it back in that range this August

Vacations and European products are already cheaper than ever. You should consider taking advantage of that and book a vacation or buy a European car, especially if it hits parity.

That may be true but the article doesn't mention the effects of that on the American economy. Not on the short or medium term. People taking vacations in Europe may spend a lot less. But as the previous post says a strong dollar makes it harder to export. A strong dollar with a low euro makes Europe much less likely to import American goods and using American services. The relatively weak recovery America has been feeling may be badly affected if parity is reached.

[bojan92]

The crisis in Greece affect the euro very much. If the problem is not solved in near time or if Greece doesn't leave the European Union than the euro will drop. That is the reason why the union has to do something about this

[g1974ak]

The crisis in Greece affect the euro very much. If the problem is not solved in near time or if Greece doesn't leave the European Union than the euro will drop. That is the reason why the union has to do something about this

For the moment the problems were resolved. Greece has accepted the accords with the European Union so for a while must not be other unexpected things. Even with the internal problems of Tsipras (within its party) must not be problems for the euro.