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lenmac71 asked in News & EventsCurrent Events · 1 decade ago

Is the Euro going to crash if Greece goes under?

8 Answers

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  • 1 decade ago
    Favorite Answer

    Well maybe...

    The problem is that the euro is connected in some way to european countries such that if one economy was affected, it would undoubtedly affect all the other economies. Read this news on greece and its economy, it might help you with your question...

    http://www.nytimes.com/2010/04/28/business/global/...

  • 1 decade ago

    No, the Euro should be under pressure, but it isn't. The GB pound is very weak still against the euro. The euro is still strong against the dollar too.

    It is in my interest for the euro to weaken, but I see no prospect of that in the next few years. If interest rates rise in the UK, the pound may rise a little in the short term, but the UK economy is still struggling and the deficit is too high.

  • Anonymous
    1 decade ago

    Europe cannot and will not stand by and allow Greece to crash so no, the Euro will not be affected whatever happens.

  • Anonymous
    1 decade ago

    Spain and Ireland are going down too. I think the entire civilized world is going to crash. I hope the result is much less intrusive government around the world.

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  • 1 decade ago

    Yes. And great shall be the fall of it.

    The countries who are going to contribute to the rescue funds are broke themselves. This will get worse until all of Europe will be on sale for 5 cigarettes. Just like they were in 1946.

  • Anonymous
    1 decade ago

    It is already crashing. Spain is next.

  • Anonymous
    1 decade ago

    Spain is next.

  • 1 decade ago

    I hope not

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