"Mommy that man is naked"

ahhh yes folks. As we heard the EURO as a currency was doing so well based on strong economic trends in the currency zone nations i called it bunk, and hogwash. I may have even said garbage to but as the Euro is taking its well deserved dump as it turns out this EU thing is all allot of hot air some more problems have been found for the EU

n a symptom of the seriousness of the creeping doubts, Roberto Maroni, the Italian Welfare Minister, had suggested in an interview with La Repubblica that a referendum should be held on bringing back the lira. The euro had “proved inadequate in the face of the economic slowdown, the loss of competitiveness and the job crisis”, he said.

“Wouldn’t it be better perhaps to return, temporarily at least, to a system of dual circulation of the euro and lira?” He cited Britain as an example of a nation “growing and developing by holding on to its own currency”.

Although the Italian Government quickly distanced itself from Signor Maroni’s views, his comments rattled the currency markets. The euro slumped from about $1.2290 to $1.2231 on his remarks. On Wednesday, the euro fell by about 1.40 cents against the dollar as the Dutch voted on the EU constitution and markets reacted to uncertainties created by France’s “no” vote. That brought the single European currency to an eight-month low of $1.2202.

Huh the fact that one of the top performing nations economicly in the EU isn't using the euro... that doesn't mean anything. the fact the Italian economy did better without the Euro that doesn't mean anything either. Folks the EU is a great idea in principle, if they ya know would allow freer markets and less soul crushing socialism. but as their population gets hit with the grey bomb ( in a way we will be seeing in 10-12 years without real reforms here) the economy goes stagnant.

yes the EURO is worthless.. and people are begining to realize it. All paper money is based on a matter of faith, and as the faith in the EU is evaporating like ice cream on mercury so to goes its value.

Lets remember that the price of gold in dollars was higher then the price of gold in euro's when you adjusted for differences in currency value. their was a reason for this. the US economy is functioning well.

An economic adviser to José Manuel Barroso, the President of the Commission, gave warning that the situation was “dangerous” and that some countries would want to leave the currency. For the first time financial markets are speculating that the euro may collapse, by offering variable long-term interest rates on government debt in different eurozone countries. However, Joaquín Almunia, the European Monetary Affairs Commissioner, said: “The euro forms part of our landscape. I think nobody is going to succeed in eliminating an achievement that cost us a lot to bring about.”

You smell that... that's fear children. Fear is all the EU has to sell issues to the voters

Many of the countries which joined the euro have suffered economic stagnation and rising unemployment, with people also blaming the currency for rising inflation. Although the German and French economies are stuttering, Italy has plunged into full blown recession.

The euro is vulnerable to a collapse in public support because none of the 12 countries that joined it allowed their people to approve the decision in a referendum. Many Dutch used the referendum on the constitution to show their disapproval of the euro, while in Germany polls show 56 per cent of people want to return to the mark.

A report called The Demise of the Euro by the Centre for European Policy Studies, a think-tank funded by the European Commission, admitted that the currency was probably responsible for Italy’s economic problems, which it predicted would soon afflict the majority of countries in the eurozone.

yes so to all you currency traders in the Euro

i think you should worry less about the stock market or housing bubbles and more on the hosing bubble you helped to make