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Showing posts from October, 2011
London isn't crying about the Euro By Abdul Turay Published Postimees 21 October 2011 It's not going to work, not now, not ever. The European Financial Stability Fund (EFSF), the plan to save the Euro, is doomed. The Euro - at least in it's present form- will fail, that is the view from London. It is a view held across the board, by left-wingers and right-wingers by Eurosceptics and Europhiles, by economist, politicians and traders and it is really only in the last month or so that this view has crystallised and become a majority view. The only question is not “if” the Euro will fail but “ how” it will fail. Can Europe's political elite work something out so that the Euro will continue on in another form may be even come back stronger at a later date or will the whole thing disintegrate into a unholy mess that will destroy Europe and the rest of the World. Some traders who know the region are painting a very black picture for Estonia indeed. “One day Estonia will be in