Posted on 12/31/2011 3:38:29 PM PST by decimon
PARIS (Reuters) - The euro could become the world's leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche.
European leaders struck a historic deal at an emergency summit in Brussels on December 9 to draft a new treaty for deeper economic union, in an attempt to stem the debt crisis that is threatening to cause the collapse of the single currency.
The news temporarily calmed markets. But concerns quickly resurfaced as the final details of the agreement have yet to be determined and a new treaty could take up to three months to negotiate.
Ratings agency Fitch has said it doubts a comprehensive solution to the crisis can be found and urged more decisive action from the ECB.
"If we implement all the decisions taken at the Brussels summit we will emerge stronger," Noyer said in the article, due to be published to coincide with the 10-year anniversary of the euro on January 1.
"In 10 years, maybe the euro will be the world's number one currency."
(Excerpt) Read more at news.yahoo.com ...
ROFLMAO!
Europe is filled with white devils and honkies. Buckwheat will fight this and order the Ubanga-Banga Bumper cars from Busch Gardens to attack.
As the Spartans said...
“If...”
There is the “invest where blood is in the streets” strategy.
Life can’t continue when things get too bad, so that is when things get better.
There is a lot of truth in that. A lot of people are going to lose a lot of money. Our job is not to be one of them.
Or maybe not.
On the other hand they do have Obama helping them by doing everything possible to destroy the dollar.
Maybe he wants to see if he can drive up the price of the Euro so he can sell his asap.
One of the worlds billionaires invested 3,000$ in Chile just before Allende killed himself. Made an amazing return.
Just sayin’ if I had an opportunity to invest in Europe about the time that the Bubonic Plague hit...
“And all we need for it to happen are a few unicorns, some magical fairy dust, a few ounces of black lotus, the Great Emerald Eye from the pagan idol of Kgrang-Io in the Mongolian Everglades, and a 16 ton pyramid of pure platinum, buffed to a high shine.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.