Euro Allegro

Not a new car company taking over a 70’s (not) hot hatch – but a merry-go-round of countries talking about the Euro at an ever fervent speed. I popped to the post office this morning and purchased some Euros for a family holiday – will it still be legal currency when I get back? We will be visiting the “Eurozone”, which sounds very much like an enclave for Euro-prisoners. I imagine it like a futuristic – Escape from New York – where Snake Plissken  has to go in and save stranded British people from the Euro and get them out before their currency has no value.

I don’t want people to think I’m not taking the issues of our European distant second cousins (twice removed) seriously, but this current crisis is most likely being blown out of proportion. Every time I turn Bloomberg on, someone is asking the question about whether or not the Euro has a future. The answer to that is very simple.

It has the same future as Stirling and the Dollar. A lot of numbers printed on cotton paper – not as flammable as petrol and lighter than gold.

Matthew Durrant

By matthew on July 27, 2011

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