Friday, August 31, 2012

September Will Be Decision Time For The Euro

September Is The Cruelest Month -- Foreign Policy

Welcome back from summer holiday, Europeans! Get ready for 30 days that will determine the fate of your continent.

When German travelers return from their hallowed August vacations this week, they will find that the euro is gone -- at least as far as Frankfurt airport is concerned. Without much fanfare, the massive euro sculpture, a fixture at Germany's largest airport since 2001, was unceremoniously dispatched in the dead of night to make room for an inter-terminal railway.

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My Comment: I cannot see the Euro surviving. Too much debt, and an unwillingness among those who own it to pay it .... and those who are owed an unwillingness to give more.

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