Investing in the Eurozone Collapsing

A double blow came to surface yesterday by analysts and fund managers in regards to the popular issue of recent months which is no other than the debt crisis in the Eurozone area and the possible bankruptcy of Greece and not only as more and more dark scenarios are being put to the table from those investing on the prospect of a possible bankruptcy and the possibility of a new bigger boom in the Eurozone with major contributors speculated on moving out of the united currency. ING suggests that Greece will definitely have to withdraw from the Eurozone area setting an example to prevent intimidation to other financial naughty countries . Analysts even believe that “new Drachma” would be underestimated by 80 % against the euro in order for the country to eventually escape its current situation.

On another front, fund manager of Schroeder’s speaking towards the Wall Street Journal raises an original script arguing that strong Eurozone countries should abandon the currency and form a new one which would not allow the weaker to enter. Todays Euro should be left to the economies in difficulty including Portugal, Italy, Ireland, Greece and Spain.