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Is the Euro Entering Its Dying Throes?

Wall Street Journal - Jul 12, 2011

The end game is getting closer for the euro, analysts fear.

Since the start of the sovereign-debt crisis nearly two years ago, investors have given politicians the benefit of the doubt, believing they would come through at the last minute to save the euro.

This isn't the case so much now, market watchers suggest. In fact, since fears of an Italian default started to rise last Friday, investors have shown they aren't so keen to hang around.

Not only do the debt problems of Italy appear nearly insurmountable, given the difficulties being faced by much smaller debtors such as Greece, confidence in the political process to rescue the euro is also seeping away.

"European Union leaders may have missed the window of opportunity to try to engineer an orderly adjustment and now may be faced with a disorderly one," said Ilan Solot, a currency strategist with Brown Brothers Harriman in London.

Read Full Article from Wall Street Journal

- Posted: 2011-07-12 14:34:31

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