We've all heard of the chaos in Europe. Several countries are in economic crisis and required cuts have citizens rioting in the streets. The climate becomes very dangerous when the people demand the handouts they are accustomed to and yet the government can no longer afford to keep them up.
A December 31, 2010 Reuters article predicts that the Euro only has a 1 in 5 chance of surviving the next ten years. It quotes CEBR Chief Executive Douglas McWilliams who says, “"I suspect that what will break up the euro will be the failure of most of the countries to take the tough medicine necessary to make their economies competitive over the longer term.”
It is not just the U.S. Dollar at risk here…
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