Just read that Cyprus will need bailout now. So its Portugal, Ireland, Greece, Spain....so far but the list continues to grow at a continous pace. So no offece to Germany but they seem to have made the most of the Euro in sense of devaluing thier currency and accumulating trade surplus based on that, they are offcourse reluctant to spend this surplus all around Europe. General feeling is Italy, Netherlands, France might follow the bailout queue. What Europe is coming to, it seems like a unique scenario that had never happened before and there seems no end to the plight.
I am just worried that what future hold for Europe, I know its all about speculation but if worse comes to worse and Eurozone breaks up you can just imagine the mess left behind but its impossible to quantify, what will happen to our savings, mortgages, property, loans, jobs, government, guess you can only speculate.
I would like to know what is the likely scenario now is Euro breakup imminent and its gonna happen no matter what?
Is it good idea to buy a family home in this enviornment of uncertainity, or convert Euros in sterling is the best policy, or buy american shares/dollars, or invest in Asia........
When will the dust settle and we'll have a clear picture of new Euro-pe [if I can call it that] ......