Rioting Greeks, angry Germans and why the euro may well collapse

By Mary Ellen Synon
Last updated at 8:05 AM on 27th January 2009

Nothing to panic about: Jean-Claude Trichet insists the euro is not in trouble

The Brussels elite are pretending the question does not arise, but the financial world knows the question is there, hanging over the entire European Union economy: is the single European currency going to break apart?

One answer was given last week by the Swedish economist Gabriel Stein at Lombard Street Research: ‘Euro RIP – not yet, but not unthinkable. Why not? The grass might indeed be greener on the other side of the fence.’

Another answer was given by the hedge fund boss Hugh Hendry, founding partner of Eclectica Asset Management: ‘I fear it is becoming more likely that the euro will break up.’

Original Article

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