After Angela Merkel's comments about the "euro is in danger", I was going to write a long and in-depth review of the state of the euro ... but I was beaten to it by Chris Blackhurst's column in the evening standard.
Rather than reinvent the wheel, just read what he has to say:
"Merkel was only saying in public what other EU governments and their
advisers have been saying in private for weeks. Greece,
with its rioters to the fore, could literally go up in flames and no
amount of injection from the other euro countries may be enough to save
it ... and after Greece come Portugal
and Italy
and Spain."
Totally agree, although I don't agree that the euro's day has come.
Will blog about that shortly. For now, his column is worth a read.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...