When the Euro was conceived, we implored the idea as unity is strength, but we remained concerned that so many cultures could stick together without the less developed ones taking much for granted. We were extremely surprised that the transition moved forward that diligently and, more so, the tremendous appreciation of the Euro against all other currencies simultaneously establishing its ranking within the financial arena.
This recession has now placed considerable strain and a real test upon this decision and for the first time, the maturity and strength of the Euro is being tested by some countries without the discipline and stamina to sustain global pressures of this nature and we can only suppose that the outcome will be interesting.
In our view, common sense will prevail and the delinquent countries will be forced to conform, regardless of their foreseeable domestic issues, as France and Germany will not tolerate a wavering currency since the Euro has already emerged as a currency of choice on the international scene. On a parting note, however, the recent decline of the Euro is good for business but bad for pride.

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