Euro dead in five years

June 7 (Bloomberg) -- The euro fell against the yen and touched a four-year low versus the dollar on concern that Europe’s debt crisis may slow global growth.

The euro slid to as low as $1.1923, the weakest since March 2006, and traded at $1.1933 as of 6:31 a.m. in Tokyo, from $1.1967 in New York on June 4. The 16-nation currency dropped 2.5 percent last week. The euro weakened to 109.68 yen from 109.98.

Well, we can only hope.

I am praying for the end of the Euro!

Die Euro! DIE!

5 yrs seems optimistic

I still say Europeans all hate each other.

European countries are still mourning their original currencies!

so in 5 yrs i can go back to europe and pay what i paid 7-10 yrs ago rather then 100% markup due to the exchange rate. can't wait.

euro was always suppose to be close to dollar, at least that's what they thought. then it took off and never stopped till now.

currencies fluctuate, who cares. wasnt the Euro at 89 cents once?

The Euro allowed countries like Spain & Greece to borrow at low rates formerly enjoyed by Germany & France while increasing costs. The Euro took away all the flexibility exchange rates would have provided to countries such as Greece & Spain in fixing their problems.

gcondo.... let me ask you. Does what your cubemate earn have any bearing on your level of consumption?

FLMAO. 17% down in 6 months... and you think "no biggie".... OMFG..... no wonder we are in a bubble collapsing...

I don’t get it. Why the cheer? Merkel and them made it clear earlier this year of their intent to drive down the euro. There would be a huge psychological advantage to a $1.10 exchange rate, selling more merc and porsches. How is a strong dollar good for anybody here. This is just like the Chinese rigging the Yuan.

As long as the U.S. is reactive and does not take the lead our long decline will continue. Frankly, I don’t see anyway out of it.

Maybe for the se bears this is good news.

the u.s. wants a weak dollar to compete with the chinese, The Europeans want a low euro to help exports. All currencies cannot depreciate against each other at the same time. And no country has ever depreciated their currency and achieved prosperity.

So you agree. Point is that once again like in the case of the Chinese currency we don’t take the lead but follow. If we’re so bright why are we allowing this to again happen?

If this keeps up I’ll be moving my entire family into w67’s basement

ok w67th, it went from 90 to 1.60 - and?

and... lets pretend I am a too tight pants wearing, too spread collar tie wearing euro paid metro sex Hypo Banker plunked down in nyc in 1998 (that's when euro was $.89).

That "and?" swing increased my buying penis by 80% vs. my fellow american counterpart. Meaning in 10 yrs, my housing cost for a $2MM condo in 1998 would have cost 2.247MM EUROS vs. 1.25MM Euros in 2010. IF YOU DON'T GET THAT.... then I DON'T KNOW WHAT TO TELL YOU. Plz buy as many Rushmore UNITS in EUROS as quickly as possible BF its breaks parity... and PLZ PLZ PLZ wear a teal colored polo shirt doing it and leverage UP BABY.
F
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A
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don't the brits look smart.

Very smart. Though back when it was created the Euro sounded like a great idea to me.
I have a much better appreciation of Milton Friedman's argument now. We should have listened to him.

So in five years will I be able to spend the big ziplock bag of various pre-Euro European coins that I don't know what to do with? I mean after the war, of course.

They were not worth anything when you left Europe or you would have cash them in, but nice try..

Easier said than done -- I don't speak European.

no worries alan.... I spk chinese....

gcondo... let's finish my round trip in my tight jeans....

Now it's 2010, euro is back to $.89... my 2bdrm $ condo in NYC is worth 2.247MM EUROs, now I'm ready to retire.... and sell my NYC RE and take my 1MM EURO gain back to my swedish mistress in hamburg to play "hide the swedish" meatballz with.. COMPRENDO? senor.

If you are what you eat....I'm half Chinese.

A Chinese pussy

Now there's an ethnicity!!!

Afraid of my own success and ambition, hungry for cat nip and a clean litter box.

Only about 2 months until Riversider's prediction comes true ... or not.

Maybe Riversider isn't exact in the timing but nobody in Europe wants to deal in euros during the last few years. Your dollars will get you discounts and good deals.

That makes sense. I still use the Peseta.

Fieldschester: where do you still use that form of payment?

Lisbon.

Fieldschester: I thought you would say that you still use the peseta in one of those towns in Spain where the people are using the pesetas they stashed away in 2002, waiting for the euro to fail. Spain didn't set a deadline for exchanging pesetas into euros. The escudo was the national currency of Portugal before the euro.

riversider: if fieldschester is still using the former currency of Spain, in Lisbon , good for him. Cash is king here in the usa and also in Spain. United States dollars are preferred not only in Portugal, also in the other e.u. Countries in Europe.

Why did you capitalize "Countries"?
What sort of statement are you trying to make?

Countries isn't like the Landlord at the Beekman Regent.