The p1gs and the Euro.....

R1Geezer | 13:42 Thu 11th Feb 2010 | Business & Finance

4 Answers

Could the P1GS (Portugal, Ireland, Greece, Spain) cause the Collapse of the Euro?

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jake-the-peg

Yes

Is it likely? No

I know you'd love it but I really don't think it would happen

PS what happened to the Italians couldn't UKIP get the other I in?

R1Geezer

Question Author

Dunno jake!

what would happen if the Euro collapsed would they all revert back to pre Euro currencies?

Whickerman

In theory yes, but if you look at the extraordinary lengths the EU is going to go to in Greece you'll see it's a non-runner.

rov1200

The knockers of the Euro have all come out in force recently. Many are glad that Britain never joined it. Obviously there are faults as it allowed these countries to spend rashly and there should have been more auditing of the accounts so it did not happen.

If the £ was in such a good state you would have thought the value against the Euro would have risen. But no, its stuck in the doldrums and has hardly shifted. What does that tell you about our currency?

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