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Fear and Greed: Investment risks and opportunities in a turbulent world by Nicolas Sarkis

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Chapter 6: The Future of the Euro

No paper currency has ever stood the test of time. At least, that is the mantra of those who argue for a return to sound – or gold-backed – money. They have a point. Currencies backed by nothing but the word of the governments that issue them have repeatedly come and gone. At best, such a currency’s value withers steadily over time and, at worst, collapses in spectacular fashion. Such a dramatic undoing potentially awaits the single European currency.

Contemplating a collapse of the euro

The collapse of the euro would indeed be truly a spectacular occurrence. Never in the modern age has a currency of such standing gone out of existence, still less within a short few years of its creation. Typically, monetary ...

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