"You need to reach out and inspire people with what you are creating"

read more

"Create the building blocks of your entire site. Don't let it stand on shaky foundations"

read more

"You have spent all this time building a great site, now people have to find it"

read more


You must give some time to your fellow men. Even if it's a little thing, do something for others - something for which you get no pay but the privilege of doing it.
Albert Schweitzer

Log In

Euro under Pressure

Thursday, August 30, 2012 @ 09:08 AM
Dr Ioannis Syrigos

I am not an economist, but common sense dictates that things are not going well in the Euro area. The inflatable money is gathered in the hands of a few, the gap between rich and poor is getting wider and wider and the financial markets are behaving like crazy.

Even the countries that are supposedly doing well, in reality either they don’t or they are not as much affected yet.

Major economists all over the world ring the bells of a major financial destruction.

It looks like we are on the verge of a big change worldwide. What this change would be, nobody knows for sure, but we have clues.

One thing that I would safely say is that Euro won’t last for long. I would expect a few countries to get out of the Eurozone in the 1-2 years to follow and a big financial crisis to take place.

Financial union of European countries has been done in the wrong way. You cannot unite different things unless you first create some common ground between them. And this hasn’t happened in Europe. Many have predicted the future of Euro well before the European Union started.

Is this going to be for better or for worse? We will see …

Leave a Reply