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The Euro Going Down

The eurozone is living on the edge of recession and some of the nations within the eurozone are already experiencing recession.

The eurozone is experiencing deflation. For the past two months prices have actually declined in the area.

To combat this situation, the European Central Bank is initiating a round of quantitative easing, the purchase of €60 billion in Euros for an extended period of time. One of the outcomes the ECB hopes to achieve is a decline of the Euro so as to spur on European exports to help economic growth.

And, then there are the events taking place in Greece. If Greece gets substantial relief from its debt situation, then there are several other members of the union that are waiting in line to obtain relief as well.

If Greece does not get relief, the question is…will Greece exit…the Grexit.

How far will the Euro decline in these… Read More …