if the euro zone ultimately sheds greece and other weaker peripheral countries, the euro will weaken initially, but won't it ultimately strengthen since only the stronger core countries will remain?
even if the whole emu breaks apart, isn't it pretty unclear how the euro will behave? won't they just end up making the euro convertible into each countries prior currency?
would welcome your thoughts
It won't. Its significantly more expensive for them the EU to break apart. I've got a report from UBS on the entire subject, pm me your email address for a copy
Weaken in the short term, strengthen in the long term.
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