Euro remains near its low for 2011 (BBC)

[Surya Gayatri]

"The euro is near its low for the year following a tumultuous 12 months in which its existence has been questioned.

But Germany's Finance Minister Wolfgang Schaeuble said he was confident that the currency union would survive.

"I think we will be far enough along in the next 12 months that we will have banished the dangers of contagion and stabilised the eurozone." .../

Read more:
http://www.bbc.co.uk/news/business-16362668

[DCKit]

1. Yeah, hysterical. Funny how the dollar went down with it, eh? nt

[Surya Gayatri]

4. Actually, the $ and US economy's

precipitous plunge were a major cause of the euro's subsequent slide into chaos.
As Europeans sagely say, "When the US sneezes, the rest of the world catches cold." SG

[tjwash]

2. The one good thing about the Euro meltdown...

...is that that incessant talk in the last few years from economic pundits about repeating the same disaster and creating a North American equivalency called the "amero" has finally stopped.

[Surya Gayatri]

3. Interesting, first I've heard

of the move to create a North American currency.

Actually, I should think it's the Canadians who would be reluctant to join such an arrangement.

The Canadian $ is in better shape than the US $. Thanks to their more stringent banking regulations, there was no parallel meltdown in 2008.
SG