Euro Heads For Parity

The Euro is heading for parity with the Dollar, as markets become increasingly unnerved by:

1 The likelihood of Greece ever repaying its debt

2 The severe austerity packages being introduced in Europe (Italy has just announced a 3 years Euro24BN austerity plan), and

3 The rolling takeover by the Bank of Spain of certain small banks.

Markets, once they build up sufficient momentum, are difficult to stop. The Euro's days may be numbered.

Posted in: austerity,dollar,EU,euro,fraud,greece,recession