The Euro trying to self destruct

[wayneL]

http://www.telegraph.co.uk/money/mai...-mostviewedbox

Arrogant Germany and fearful France tearing euro apart

By Ambrose Evans- Pritchard
Last Updated: 1:03am BST 16/07/2007

It's back to Verdun. France and Germany can no longer share a currency, or an aviation industry for that matter. Reverting to historical patterns of behaviour, they are each embarking on policies that must lead to bitter conflict and endanger monetary union.

French president Nicolas Sarkozy is at root an anti-globalist, champion of a weak euro in a trade bloc shielded by "Community Preference". He is letting rip on fiscal policy, gutting the EU's revamped spending rules.

German Chancellor Angela Merkel - a Baltic PhD physicist and daughter of a Lutheran pastor - is the white angel of orthodoxy. She will sooner break EMU than allow a resurgent Germany to succumb to wage and price inflation..........................

[>Apocalypto<]

http://www.telegraph.co.uk/money/mai...-mostviewedbox

Cheers for the heads up Wayne as the euro pound and euro usd are on my daily watches, wait to see some trend breaks.

[ta2693]

http://www.telegraph.co.uk/money/mai...-mostviewedbox

I find it is very difficult to believe EMU will destruct. But if that happen, who will benefit most?

I am interested in "Mortgage payments will become tax-deductable. House prices will now start rising again after sliding this Spring."
if that happen,property company like VPG who has assets in EU will have better performance than its peers. VPG is 1.945 right now. compared with right issue price 1.92 which is underwritten by UBS, JP morgan and MB, it is very cheap.

[Uncle Festivus]

The last bastion of the Euro takes a hit too...... there's that word again - unexpectedly!

FRANKFURT (MarketWatch) -- Industrial output in Germany unexpectedly plunged by a seasonally-adjusted 2.9% in December, the economics ministry reported Tuesday, after an upwardly-revised reading of unchanged in November. Economists had forecast a 0.2% monthly rise.