Is the euro doomed? One (unlikely) solution proposed by Charles Hugh Smith is to devolve the currency into two: Euro 1 and Euro 2. Mercantilist nations such as Germany and France would make up Euro 1, and the debt-and-asset-bubble-dependent consumer nations would utilize Euro 2.
We talk about the potential split of the euro, how China fits in with the euro’s demise, and other solutions in the video above!
Produced By: Kamelia Angelova & William Wei
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See Also:
- Why The Euro Might Devolve Into Two Currencies: Euro1 And Euro2
- Is The Euro Rebound Real This Time?
- Europe’s New Debt Solution: Create Their Own Ratings Agency That Only Gives Friendly Ratings