Bright Future for the €?

Like many, I have noticed gathering clouds around the European Single Currency, the Euro, with pressure building owing to the colossal debts of both banks and indeed, states.

Whilst living in England, which I did until five years ago, I was wholly opposed to the UK signing up to the Euro, and I believe that that was the correct view and now even more so.

So you might ask, why the title to this piece? The reason is pictured above; yes, Gordon Brown has suddenly appeared out of the woodwork after a few months' silence. This BBC article states:

'Former British Prime Minister Gordon Brown has told the BBC he fears the euro will face a "high noon" moment of reckoning early in the New Year.'

'"I sense that in the first few months of 2011 we [will] have a major crisis in the euro area," he told the BBC's business editor, Robert Peston.'

Yes, this IS the Gordon Brown who sold £15 billion worth of Britain's gold, which would probably now be worth £40 billion or perhaps even more...

So despite all the evidence to the contrary, I am now convinced that the Euro will soar in 2011!

Until the next time.