Originally posted by ModernAcademia
Seems to me that the pound will make the way of the USD dollar.

Do you mean the Euro?

There won't be hyperinflation with the Euro, its too powerful at the moment against the other big currencies and the bailouts/stimulus that was used in member economies were largely derived from surplus.

Just because there are some small growing pains in the Eurozone, that doesn't mean anything other than growing pains. These people's jobs are to control these foreseen problems. The "weaknesses" of the Euro in regards the flexibility amongst member states have actually become big strengths during the financial problems and show the future resilience of the currency.

It actually needs some kind of inflation in order to make the Eurozone countries more competitive in the world markets. Unfortunately EU law prevents this

[edit on 4/11/09 by Dermo]