- Joined Feb 20, 2009
Ok So I remember when they first launched the EURO. It was 1:1 to the dollar on launch. For a couple years it was a rat race. One would get ahead of the other by 10 or 20 cents, then it would switch. Now since our depression/recession the last value I saw was near 2:1 in favor of the EURO. I get that since the USD and our economy have taken a shalacking that past decade. Then I read the news paper today and front page headline was "EURO on the brink of failure" How is the EURO worth more then the USD but on the brink of failure? Wouldn't the EURO just drop in value against gold or the USD rather then collapse?