Euro devaluation
Thread Starter
Joined: Aug 2011
Posts: 81
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From: Far East
Euro devaluation
Since May 2011 the euro has devalued by 15% against the USD and now is breaking a technical support level of 1.26 ish and likely to head down to 1.2 ish soon.
As this crises developes the Euro will have to be devalued further.I would think another 10-15%
If your earning Euros thats a Big drop.
Ireland property bubble burst with prices falling 50%........mate of mine in Ryanair sais its hurting and driving pilots to USD contracts overseas.
Not sure about that but they seem to have to recruit a lot at the moment.
